An unnamed German automaker plans to build a factory in Serbia’s western municipality of Cacak, a greenfield investment worth at least EUR90m (US$98m), president Aleksandar Vucic reportedly said.

The company plans to break ground for the factory in October, Vucic said in an Instagram post cited by SeeNews.

The company would employ 800 workers at the plant, he added.

“By next summer we will be attending the opening of this large factory, which will mean a lot, not only for our city, but also for the whole of Serbia,” Cacak mayor Milun Todorovic reportedly said in a YouTube video posted by local media outlet Glas Zapadne Srbije.

The production and office space, spanning 60,000 sq m, would be built in several phases, Todorovic reportedly added.

Last month, Japanese electric motor manufacturer Nidec opened a factory in the northern city of Novi Sad, SeeNews noted.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.