German cable and wiring systems manufacturer Leoni opened a EUR 50 million factory in Kraljevo, in central Serbia. The factory, Leoni's fourth in Serbia, has a footprint of 60,000 sqm, of which 45,000 sqm are production area. The new factory will have a workforce of up to 5,000 employees by the end of 2023.

"Leoni is clearly focused on growth in this region – offering more job opportunities, expanding its business, becoming the biggest industrial employer in Serbia. What is more important than being the biggest employer is being the best employer. This is not an easy task, but we as one Leoni Serbia Team, together with central and local authorities, are working very hard to achieve this goal," said Pierluigi Ghione, managing director of Leoni Wiring Systems Southeast.