Germany’s Boysen to invest EUR 65mln in Subotica

German automotive exhaust systems manufacturer, Boysen plans to spend 65 million euro in the construction of a plant in Subotica, which will hire more than 500 workers over a period of five years.

The plant will be constructed in the Mali Bajmok Business Zone, on a 10-hectare-land plot that will be ceded to the investor free of charge.

The German company plans to build a 35,000-square-metre plant there.

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According to a feasibility study, in the five-year period, the City of Subotica – the owner of the property – will profit more than the land, on which the plant will be built, is worth.

The Subotica City Assembly and the Serbian government will make a final decision on the study.  In case the study is approved, the investor will be allocated the land and be able to implement its investment. Several other German automotive companies already operate here – Siemens, Continental, Norma Group and Dunkermotoren.

(RTV, 13.02.2019)

This post is also available in: Italiano

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