Stilles's development investment gets minister's support
Stilles would like to expand its production, which relies heavily on hotel interior design of higher quality, and reduce its dependence on a single type of clients, that is, hotels.
During his visit, Počivalšek explained that the Economy Ministry could come up with strategies for supporting the investment based on the promotion of balanced regional development act.
The minister added that the ministry was currently processing Stilles's request and checking its investment plan.
Stilles CEO Rok Barbič said that the company was developing a project of "manufacturing composite intermediate products which enable a high level of fire resistance, sound proofing and water repellent capacities".
The company plans to supply their partners in Western Europe, including their hotel clients, with these new materials, aiming to carry out the project by the end of 2022.
Stilles hopes to receive support by the ministry as well as the Sevnica municipality.
According to Barbič, the furniture maker had consolidated its business in the past three years and continued to grow.
The company doubled its operating revenue to EUR 32 million during this time and increased its staffing capacity - it currently employs more than 300 people.
Stilles exported over 90% of its products and services last year. The company would like to centralize its cooperation with hotels in central Europe, particularly Germany, Switzerland and Austria.
Stiiles has been earmarking EUR 1.5 million on average per year for investment during the past few years.