Novares Serbia, a subsidiary of the French automotive parts manufacturer Novares, has officially opened a new production plant in Zrenjanin, worth 5.2 million euro.
The opening ceremony was attended by the Finance Minister, Sinisa Mali who said, on the occasion, that Novares extending its manufacturing capacities in Zrenjanin showed how much had Serbia changed and how much the country has become appealing to investors.
“I’m impressed with what I have seen here,” Mali said after visiting the new plant that will produce plastic parts for the automotive industry. The plant is located in the Zrenjanin Free Zone and will have 50 workers.
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The new, expanded production space spans 3,000 square metres and has increased the total factory area by one third in size. The new facility is equipped with special technology and robots including five injection moulding machines and a clean room for new production lines which will manufacture engine components, namely water outlets using the infrared welding, automatic component insertion and leak detection methods.
Novares will increase the number of workers in this facility from the current 190 to 240 in 2019.
The new plant was built with the support of the Vojvodinian Government which invested EUR 200,000 and the Serbian Government which invested EUR 300,000.
Novares sells most of its components to Fiat Serbia through the Free Zone Kragujevac. Furthermore, it manufactures parts for PSA Group branches in Slovakia and Iran, the Dacia plant in Romania and for Jaguar – Land Rover Group branch in Austria.
This post is also available in: Italiano