SARAJEVO (Bosnia and Herzegovina), January 23 (SeeNews) – Italian metal shelving and automatic storage systems manufacturer Ferretto Group will shortly launch the construction of production facilities in Bosnia's Usora municipality, the municipal government announced.

The Italian company has selected a contractor for the construction of the first phase of its facilities in Usora, which includes a 12,000 sq m hall for metal processing operations, the municipal government said in a statement on Friday following a meeting with company officials.

Ferretto Group plans to build facilities with an overall area of 40,000 sq m in the Bosnian municipality.

Bosnian media reported earlier that the Italian company will invest 14 million marka ($7.7 million/7.2 million euro) in Bosnia and hire some 200 workers. According to these reports, Ferretto Group will shift all of its manufacturing operations from Vicenza in Italy to Usora.

Ferretto Group manufactures shelving, mezzanines and automatic storage systems. The company, founded in Vicenza in 1956 and entirely held by the Ferretto family, provides solutions for all storage and filing needs.

Usora is located in the Federation, one of the two entities that form Bosnia. The other is the Serb Republic.

(1 euro=1.95583 marka)