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:

Sarkuysan investing €8.6m in a new Bulgarian production plant
Sarkuysan is planning to invest €8.6m into the construction of a new production plant fo  »
Coroplast investing $20m in Moldovan production plant
Coroplast Harness Technology is set to invest around $20m to expand its automotive electri  »
MCC International to expand activities in Moldova
MCC International Incorporation Ltd. is planning to launch a number of new projects in Mol  »
ABB Bulgaria to build new €7m production unit in Petrich
ABB Bulgaria is planning to build a new production unit in Petrich, southwestern Bulgaria.  »
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   »