Jerusalem, Sept. 24 - Israeli foodmaker Strauss Group said on Monday it had opened a coffee factory in Serbia.
The news sent shares of Strauss up 2.5 percent to 50.66 shekels in afternoon trading.
Strauss, Israel's second-largest food and beverage company, invested about 10 million euros in the factory, which could produce some 30,000 tonnes of coffee annually, it said in a statement.
Strauss became active in Serbia in 2002 after acquiring a 40 percent stake in local Donecafe, and eventually bought all the company's holdings in 2005. The company, which produces roasted and ground coffee to markets in the region, is the second-largest in Serbia.