The Chinese company Xingyu will build its production plant in the southern Serbian town of Niš, in its Industrial Zone West.
The Local Economic Development and Project Office (KLERP) says that construction should begin in the first quarter of next year.
The Memorandum of Understanding with the Chinese was signed in early May when it was announced that Xingyu Automotive Systems Co LTD would build a factory that would produce car lights.
The value of the investment is EUR 50 million and the Industrial Zone West was chosen as the final location, although it was previously assumed that the factory would be built in Medosevac.
“In a letter of intent, the investor stated that they needed 13.5 hectares of construction land in the industrial area west of Niš,” said KLERP.
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The site is not far from Leoni’s plant. The construction work is due to begin at the beginning of next year. Xingyu Automotive Systems Co. LTD is a leading company in the design and manufacture of LED lighting for the automotive industry.
In Niš, the company plans to employ 1,000 workers. Xingyu’s biggest clients are BMW, Audi, Renault, Opel and Volkswagen.
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