Serbia and Chinese Minth to cooperate on logistics investment projects

Serbia's government and the Chinese car parts manufacturer Minth have signed a memorandum of cooperation on development and logistics investment projects in Serbia's capital Belgrade and the northern town of Indjija, according to the government. The agreement was signed during Serbian prime minister Milos Vucevic's visit to Minth's headquarters in Shanghai.

Earlier in July, Serbia's government approved an agreement with Minth that will see the Chinese firm set up a new production facility in Indjija and invest EUR 870 million over a period of 10 years.

Minth already has car part plants in Loznica and Sabac, in western Serbia. The company operates in Serbia since 2018 through subsidiary Minth Automotive Europe.