Germany's GS Holding to build metal products factory in Bosnia - municipality

Germany's GS Holding GmbH Regensburg has signed a contract for the construction of a 10 million marka ($5.4 million/5.1 million euro) metal products manufacturing plant in Bosnia's Prozor-Rama, the municipality said.

The Prozor-Rama municipality will support the investment with subsidies in the amount of 2 million marka, it said in a press release on Tuesday.

The factory is expected to employ 57 people by the end of 2022, with a view to increasing its headcount to at least 70 in 2023.

The new manufacturing facility will be built on an area of 9,000 sq m and will also include a solar power park which will generate electricity for the needs of the factory and for sale on the electricity market, according to an earlier statement by the municipality.

Prozor-Rama is located in the Federation, one of the two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.

(1 euro = 1.95583 marka)

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