“Swiss polymer maker Lonstroff AG plans to invest around 43 million euros ($53 million) to build a factory in Slovenia that will create 180 jobs by mid-2020, the Slovenian government said on Wednesday.

The government will also provide 4.8 million euros in total financial aid for the factory, which will start production next year, the economy ministry said.

Lonstroff, owned by Japan’s Sumitomo Rubber Industries , will start building the medical elastomere factory in Logatec, 30 kilometres (19 miles) southeast of Ljubljana, next month, the economy ministry said. Lonstroff was not available to comment immediately.” (Reuters)