KRNOV, Czech Republic (March 3)—Italian hose maker IVG Colbachini S.p.A. has initiated commercial production of medium- and low-pressure industrial rubber hose at its newest plant in Krnov.
Cervarese Santa Croce, Italy-based IVG invested more than $11 million in the 1.08 million-sq.-ft. factory, which will be the company's base of operations for an expanded sales effort in eastern Europe and the former Soviet republics. Production occupies only about 20 percent of the facility's space, the company said.
During 2005, IVG plans to add a second shift and double production capacity, bringing employment to between 70 and 75.