Tigar opens state of the art rubber footwear plant

ERJ staff report (DS)

Pirot, Serbia — The Tigar Corporation has opened a new rubber boot and footwear factory, which it claims is the largest and most modern plant of its kind in Europe. The new facility was built at a cost of Euro 17.6 million, partly financed by a Euro 7 million loan from DEG-Deutsche investitions- und entwicklungsgesellschaft MBH.

Dragan Nikolic, CEO of the Tigar Corporation said the new plant currently has capacity for 2.5 million pairs per year, which will increase by June 2009…

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