Swiss support to domestic businesses continues

Local news, 04.04.2024

Within the Swiss-supported SME HUB project, another Serbian company has initiated the process of business transformation. MPK Trade, a company from Valjevo employing 165 people, is on its way to further develop cooperation with an Austrian multi-national company operating in Serbia, ZG Lighting SRB LLC (part of the Zumtobel Group). 

Company MPK Trade joins SME Hub project
Company MPK Trade joins SME Hub project ©SME HUB

MPK Trade has been engaged in the tool production and plastic injection molding for 25 years. Thus far, it has been a supplier to ZG Lighting SRB LLC on an irregular basis. The goal of the SME’s transformation is to become a permanent supplier to this multi-national company by producing a new product for them, reaching necessary demand in terms of quality and quantity.

MPK Trade’s business transformation involves the implementation of an ERP system, legal, management and financial improvements. The total value of the transformation is CHF 66’000 and the entire process is expected to last up to 12 months, after which this SME is expected to significantly enhance its cooperation with the ZG Lighting SRB LLC.

The SME HUB project, worth over CHF 7 million, is a result of a public-private partnership between the Serbian company ICT Hub and the Swiss Government, represented by the Swiss Agency for Development and Cooperation (SDC). The Swiss Government is contributing CHF 6.2 million to this intervention that will be implemented for the next five years by the ICT Hub.