GLM Group starts production in Serbia

GLM Group starts production in Serbia

Published at: 2018-09-14 10:14 | Author: CIJ Serbia
GLM Group has opened its first factory in Serbia in the city of Zrenjanin. The Italian company, which manufactures exhaust systems for the automotive industry, will export products made at its Serbian factory to Italy, the Czech Republic and Germany. GLM Group currently employs 68 people at the new factory and plans to increase its workforce to more than 100 in the coming years. The company invested €5m in the project. The company’s main clients are BMW, Porsche, Maserati, Ferrari, Audi and Mercedes Benz.

Similar Stories:

Boysen investing €65m into new Serbian factory
Boysen is investing €65m to build a new factory in Subotica, northern Serbia. The new 35  »
Slovak industry hit by slowing German economy
The Slovak daily Pravda writes that the slowing German economy is having an impact on Slov  »
Kaldera to open new 3,600 sqm plant in Bosnia
Kaldera is planning to open a new 3,600 sqm plant in Laktasi, Bosnia. The equipment and ma  »
Billions being invested by Southern Bohemian firms into production capacity
Southern Bohemia gets less media attention than the Czech capital, but there are major ind  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »