China’s Lianbo opens a EUR 80mln factory in Novi Sad

The Chinese company Lianbo, which produces metal parts for engines used in the automotive industry, opened on Thursday a factory in the Kac suburban settlement of Novi Sad.

The investment is worth over 80 million euros, and the factory, Lianbo’s first in Europe, spans 14,000 square metres and is expected to employ up to 500 people.

The opening was attended by Serbia’s Defence Minister Milos Vucevic, Novi Sad Mayor Milan Djuric and Chinese Ambassador to Serbia, H.E. Li Ming.

Vucevic said the opening of the factory in Kac is a result of serious work, clear strategy and ironclad friendship between Serbia and China. He added that he expects the number of employees to increase and that they be given good and competitive salaries.

Lianbo is a family-owned company based in the Jiangsu province. It employs over 800 people in its three factories in China and is known for producing components for Volkswagen, Nidec and Bosch.

Lianbo General Manager Xiao Qingpeng said the company’s mission is to become the standard in the global fast stamping parts industry, a leading global service provider in the automotive industry, and a reliable global and trusted partner of its many clients.

(Euronews, 25.04.2024)

Photo credits: Tanjug/Nenad Mihajlovic

This post is also available in: Italiano

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