Germany’s Continental to build a factory near Novi Sad

Another foreign investment in Novi Sad is likely to be made, that of the Japanese company Nidec, which produces electric motors for various purposes, said the mayor of Novi Sad, Milos Vucevic. He says that the arrival of the German company Continental is expected too.

In a conversation with the mayors of Niš and Belgrade, aired on RTV, Vucevic talked about the results achieved in 2020 and the plans for the next year.

“Novi Sad is a town, along with another two European cities that Nidec is interested to invest in,” Vucevic said, adding that the Japanese corporation will make its final decision in early 2021.

“The fact that we had the fifth or the sixth meeting with the company’s representatives last Friday and that we are already discussing the technical details tells me that they are seriously considering Novi Sad,” Vucevic went on to say. He also said financial magazines in Japan defined the investment in the amounts of up to USD 2 billion.

Discover the most important foreign investments in Serbia in 2019: click here!

Vucevic also said that the Japanese were considering the purchase of 25 hectares of land in the Industrial Zone North 4 in Novi Sad.

He also mentioned that the German automotive company, Continental, will build a factory near Kać, not too far from the Novi Sad-Zrenjanin motorway.

Despite the pandemic, the Swiss company Barry Callebaut is also continuing the construction of its chocolate factory in Novi Sad will be completed by spring.

The next year, he says, will be marked by the preparations for the construction of the fourth bridge on the Danube, which has been declared a project of national importance.

“Although the designation of Novi Sad as the European Culture Capital was moved for the next year due to coronavirus pandemic, according to the decision of the European Parliament, that doesn’t mean that the city will not be preparing for 2022,” Vucevic said and announced the opening of the first city concert hall.

The opening event, Stefan Milenkovic’s concert, is scheduled for the Orthodox New Year, January 13.

(eKapija, 27.12.2020)



This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top