Tristone Flowtech will build EUR 30 million factory in Serbia
The German car parts manufacturer Tristone Flowtech Holding SAS will invest EUR 30 million in the construction of a factory in Paracin, central Serbia. The investment will create 1,000 jobs. The construction of the factory is expected to begin in early 2023 with operations due to start by the end of next year, according to a spokesman of the Paracin municipality.The new factory will be built in the industrial zone of Zmic, spanning 9.2 hectares.
Tristone Flowtech, headquartered in Frankfurt, has factories in Europe, Asia and North America. The company booked a total revenue of EUR 352 million in 2021. The company produces battery, engine cooling, and air charge systems for the automotive industry.