ZF Friedrichshafen to open a new plant in Serbia

ZF Friedrichshafen to open a new plant in Serbia

Published at: 2019-04-19 10:28 | Author: CIJ Serbia
The German car parts supplier ZF Friedrichshafen is to open a new plant in Serbia by the end of April. Located Pancevo, near Belgrade, the facility will produce power components for hybrid and electric vehicles, with further expansion expected to begin mid-year. The company is also setting up a 5,000 sqm research and development center that will employ 100 engineers. Work on the new production unit began in June 2018 with the total investment expected to run to €160m. The factory will expand to 25,000 sqm by 2021 and should employ 540 people by that point. In the project's second phase, which should begin in 2022, another 25,000 sqm production hall will be built. ZF supplies automobile brands such as Audi, Volvo and Mercedes-Benz.

Similar Stories:

SMG expanding its base in southeastern Hungary
Samvardhana Motherson Group is expanding its base in Turkeve, southeastern Hungary. The ex  »
April results jump start Czech auto sector
Output by the Czech automobile sector for 2019 has slowed by less than 1 percent over the  »
Mubea building €51m Slovak auto parts factory
Mubea Engineering has begun construction of a new factory in Kežmarok where it will produ  »
Škoda Auto jumps into electric car future
Škoda Auto is making the leap into the electric automobile sector with its unveiling of t  »
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   »