.
.
.
.
News/ Italian Company to Acquire Bihać-based Kombiteks?
---
08/09/2016
---

​Recent news reports from Bosnia tell us that the BiH government, represented by the federal prime minister for economic issues and investments, Suvad Osmanagić, paid a visit to Bihać with Ludovico Camozzi, the president and owner of Camozzi – an Italian company that produces industrial automation machinery.

The main purpose of this visit was to see Kombiteks, a textile production company that has been in bankruptcy and in and out of operation for the past 15 years. The Bosnian government has shown willingness to relaunch the production in this company – which used to hire around 4000 workers – by bringing over a partner into this venture in the form of Camozzi, whose specialty in automation machinery are textile machines. This visit has followed a six-month long period of intense negotiations with the Italian company, during which Camozzi expressed the desire to move its newest machines – so far only used in Milan – to BiH, as well as bring over Italian buyers for the yarn that should be produced by Kombiteks in the future.

Furthermore, having in mind that Bihać is home to a still functional Faculty of Textile, a continuous stream of educated workforce will be available to the new owners. It is thus reasonable to assume that Kombiteks' rejuvenated presence in this region would also provide a significant boost to the local economy through employment.

Related People

Related News

News

Karanović & Nikolić Advises on the Sale of Tikkurila’s Balkan Subsidiaries

22/12/2017
News

Karanović & Nikolić Advises on Teraplast’s Acquisition of Interlemind

12/06/2017
News

Record Antitrust Fines in Macedonian Beer Market

25/05/2017
News

Gorenje Zagreb Fined for Resale Price Maintenance

20/03/2017
News

BiH - General information on the Law on Prohibited Advertising

13/01/2017
News

BiH - New Law on Financial Operations

12/01/2017

Related Views

Views

The New Montenegrin Law on Prohibited Advertising

14/06/2017
Views

Withholding Tax in the EU – New Developments

25/08/2016
Views

Too Big to Hide – European Commission Sanctions Truck Cartel

26/07/2016
Views

From Old Ties to New Relationships – Turkey and the SEE Region

07/06/2016
Views

A Relationship like No Other – IP & Pharmaceuticals

16/05/2016
Views

Moving with the Times – The Impact of Technology on the Business of Law

11/04/2016