Continental opens a new factory in Subotica

German vehicle parts manufacturer, Continental has opened a new production facility in Subotica, and has created 500 new jobs, as a result. The investment is worth 17 million EUR.

Serbian PM, Aleksandar Vucic, who officially opened the factory, underlined that both the Serbian government and people in Serbia had helped with the investment coming to life. The government gave around 3 million EUR towards the facility, while Continental spent 14.5 million EUR.

The PM also said that the German company had a reliable partner in the Serbian government, adding that 33,000 people are working in German companies in Serbia at the moment. He believes that that this number would grow to 50,000 in two years.

The new factory will add 12,000 square metres of production and storage space to the existing Continental factory here.

The facility in Subotica will be producing pipes and pipe systems for vehicle powertrains in a production facility that spans 20,000 square meters. The company plans to have 1,150 workers in the next few years. The components produced here will be delivered to car manufacturers in Europe.

The factory also produces components for agricultural, freight and industrial machinery. Zivko Topalovic, General Manager of Continental ContiTech Serbia, said that the new facility was built in line with the highest technical and environmental requirements.

Continental had a turnover of EUR 40.5 billion in 2016, and it employs more than 220,000 people in 56 countries.

(RTS, 07.03.2017)

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