Brief: Wire and cable maker Superior Essex opens plant in Serbia

LS

29/11/2018 14:03

BELGRADE, Nov 29 (Reuters) - U.S.-based wire and cable maker
Superior Essex opened a 30 million euro ($34.18 million) plant
on Thursday in Serbia's northern province of Vojvodina. 
    
    * The company plans to hire 160 employees, Vojvodina's
provincial government said in a statement.
    * Serbia's government invested 1.6 million euros in the
plant. 
    * Superior Essex, a subsidiary of South Korea's LS Group, is
the largest global manufacturer of magnet and winding wire. 
    
    ($1 = 0.8777 euros)

 (Reporting by Aleksandar Vasovic; Editing by Jan Harvey)
 ((aleksandar.vasovic@thomsonreuters.com; +381113044930;))