Proleter, a Serbia based textile company, is planning to invest 2 mn euro to set up a socks factory in Ivanjica, a town and municipality located in the Moravica District of Southwestern Serbia. Proleter employs about 300 people at its existing factory in Ivanjica, and another 250 employment opportunities would be created at the socks factory. Atair GmbH, Steinfurt, Germany based company engaged in the production of knitwear and hosiery products and stockings, holds 71.4 per cent stake in Proleter, according to reports. In 2016, Proleter registered a profit of 15,140 euro.