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:

Škoda breaks July delivery record
If there's growing pressure on the Czech automobile sector, it's hard to tell by  »
Czech industrialists brace for no-deal Brexit hit
The Czech Confederation of Industry warns that the its members could lose CZK 30bn as a re  »
Fraenkische CZ to shift some production to Romania
The autoparts suppliers Fraenkische CZ, which operates a factory with 1,000 employees near  »
German demand for Czech manufacturing output falling
German manufacturers aren't waiting in line for Czech industrial goods anymore. That&  »
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   »