Elda opens new manufacturing facility in Nova Gradiska

Elda, the leading manufacturer of e-liquids for electronic cigarettes in Europe, on Monday opened a new manufacturing and laboratory facility worth HRK 24.5 million in the Industrial Park in the eastern Croatian town of Nova Gradiska.

The laboratory will conduct the analyses of e-liquids and e-cigarettes.

The factory started with nine workers and by the year's end it is expected to have 50 employees.

The company was founded in 2008, now exports to over 80 countries around the world. Elda's income in 2014 amounted to HRK 9.8 million and in 2015 it grew to HRK 12.5 million, with profits amounting to HRK 2.7 million.

(EUR 1 = HRK 7.47)

Last update: Mon, 05/09/2016 - 18:00

More from Business

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...

Tobacco giant BAT agrees to 49-billion-dollar takeover of US rival

British American Tobacco Plc on Tuesday said it has finalized a deal to acquire 57.8 per cent of shares of US rival...