Italy-based socks, underwear and swimwear maker Calzedonia has created 400 jobs with a new factory in Gornji Kneginec, northern Croatia.

The HRK100-million hosiery factory is 12,500 square metres big.

Calzedonia aims to open another Croation factory, which will make bathing suits, in the near future.

Italy is the fourth biggest investor in Croatia.