YGS Textile is planning to open plant in Mali Zvornik, western Serbia, by the end of this year. The Turkish company signed a memorandum of cooperation with the local government to reconstruct the former Gucevo plant in the Donje Naselje industrial zone into its new factory. The site will produce clothing for men and women with an initial staff of 300 people. YGS Textile has plans to increase its Mali Zvornik workforce by 200 in 2019.
