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OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Confirms its Investment Project and Manufacturing Facilities for ILUS EV Technologies in Čačak, Serbia
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Confirms its Investment Project and Manufacturing Facilities for ILUS EV Technologies in Čačak, Serbia.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, March 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) remains focused on its M&A strategy of acquiring and growing global technology companies. In addition to the completion of 7 acquisitions in 14 months, the company is now proceeding with its first investment project in Čačak, Serbia, which includes the acquisition of manufacturing facilities for ILUS EV Technologies. More facilities for other ILUS subsidiaries are to be announced further down the line in 2022. Over the next 8 years, this current investment project is expected to provide employment to thousands of Serbians and generate several hundred million Euros for the city of Čačak and ILUS EV Technologies. The forward-thinking city of Čačak, which is undergoing a rapid industrial expansion, aims to become Serbia’s leading producer of renewable energy technologies, with Serbia aiming to become a leading European manufacturer and global supplier of innovative sustainable solutions.  ILUS is committed to investment in the city of Čačak and Serbia. The city of Čačak is committed towards supporting the growth of ILUS EV Technologies in the country. The investment project forms part of the strategy implementation by Čačak’s Mayor, Milun Todorovic, his administration, and the Serbian Government, to create employment opportunities and strengthen the local economy. Mayor Todorovic supports the ILUS EV Technologies investment project in Čačak and is optimistic about the benefits it will bring to the city.  “I am both excited and very proud of this investment project in Čačak because it is creating thousands of jobs and growing our local economy. We are pleased to partner with ILUS EV Technologies in Serbia to create more innovative products and solutions that will benefit our environment and showcase Serbia’s great capability to the rest of Europe and the world,” said Mayor of Čačak, Milun Todorovic.  In partnership with the city of Čačak and the Serbian government, ILUS EV Technologies will begin manufacturing its E-Raptor range of commercial electric utility vehicles (E-UTV’s) at a large facility on the outskirts of Čača...