China’s Minth starts building its factory in Loznica

Serbian President Aleksandar Vucic said today in Loznica, during the groundbreaking ceremony that marks the beginning of the construction of Minth’s factory, that the Chinese investor would invest almost 100 million euro in the factory and employ 1,000 workers.

The ceremony was also attended by Director of Minth Automotive Europe, Ching Li Wong, the Chinese Ambassador to Serbia, Ms Chen Bo and Mayor of Loznica, Vidoje Petrovic.

He added that the Loznica factory would produce aluminium car parts for various carmakers including Volkswagen and Bentley.

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“I hope Volkswagen acknowledge at the fact that an increasing number of auto parts manufacturers are doing business in Serbia before they make a decision on where to set up their newest factory,” he said.

Vucic also said that he expected that his meeting with Chinese president Xi Jinping on April 25 in Beijing would result in a lot more Chinese investments in Serbia.

Minth has factories in over 30 locations in China, Thailand and Mexico. It supplies the biggest global carmakers which have an 80-plus per cent share of the global market. Minth exports its products to Australia, Europe, North America, Japan and Southeast Asia.

Ahead of today’s groundbreaking ceremony, Tanjug said that the new plant will start producing auto parts as early as October. 

(Danas, 02.04.2019)

Photo credits: Tanjug

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