The German company Brose has announced that it would start the construction of a factory and development centre in Pancevo, Serbia, soon.
The company produces sensor technology for car doors and seats, as well as electric motors.
As announced, the Pancevo plant will produce modules for engine cooling fans on steering systems and oil pumps, as well as electronics, and the same products will be tested in the new development centre.
Serbian President Aleksandar Vucic will attend the factory’s groundbreaking ceremony on Friday, March 6.
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The agreements between the Pančevo authorities and Brose, signed in November last year, stipulates the final allocation of 23 hectares of land in the northern industrial zone in Pancevo to the German company.
Brose, for its part, has promised to invest 180 million euro in the new plant and is expected to employ around 1,100 workers, while production should start in January next year.
Brose has factories in 24 countries around the world that employ 26,000 people and generate sales of 6.2 billion euro per year.
This post is also available in: Italiano