Business News

Wolford Opens Factory in Murska Sobota

Murska Sobota, 17 September (STA) - Austrian high-end clothes maker Wolford opened a production facility stretching on 4,000 sq. metres in Murska Sobota on Friday. The EUR 5m project secured 145 new jobs.

High-end stockings and bodies are being manufactured in the facility, which was officially opened today, since January and the company expects the number of employees, who are receiving minimum wage, to go up to 170 by April 2011.

Wolford CEO Holger Dahmen said at the opening that that the company was very happy with the employees and results so far. Wolford's aim in Slovenia is a prestigious brand, which means that the highest quality of products must go hand in hand with the quality of presentation and service, he said.

The company, which was declared the best investor to Slovenia in 2009, decided for Murska Sobota primarily because of its tradition of clothes making and its proximity to Austria.

With 14 subsidiaries across the globe, Wolford employs 1,462 people and sells products in 65 countries. In the 2009-2010 business year, the company's revenues stood at EUR 144m. Despite the crisis, its revenues were up by 3.8% while its profit tripled. In 2010, the company registered a 9.2% sales growth.

Director of the Public Agency for Entrepreneurship and Foreign Investments (JAPTI) Igor Plestenjak said he was happy that the crisis did not prevent Wolford from coming to Slovenia, and that the quality of the Slovenian workforce was recognised.

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