Serbian President Aleksandar Vucic announced yesterday that the German company ZF is coming to Pancevo with an investment of 160 million euros.
Vucic, who officially inaugurated the construction of the Mind Industrial Park in Kragujevac, told reporters that ZF’s factory would be one of the most important production facilities to be opened in Serbia in the last five years. The plant will produce axles for electric gears for E-Mobility for Premium OEM, electric traction engines for E-Mobility, gearshift electronics and mechatronics, as well as microswitches/PCB.
He added that Germany, in addition to being Serbia’s being external trade partner, is also becoming one of the biggest employers in our country, with 44,619 people in Serbia currently working for German companies. He also said that, thanks to the investments made by German companies in Kragujevac and Pancevo, this number would exceed 50,000.
Speaking of Germany and his imminent meeting with German Chancellor, Angela Merkel, the Serbian president said that the German chancellor and Germany were Serbia’s most important partners as evidenced in the town of Krusevac too where the German company Kromberg & Schubert plans to hire 2,000 people. “If people in Serbia do not understand this, then I don’t know what to say more”, Vucic said and added that the talks with Merkel would not be easy and that he had been mulling over in his head what to say to the German chancellor in order to improve Serbia’s current position.
Speaking about German investments in Serbia, Vucic also underlined that Siemens would start producing trains and trams here, and that the company would need many engineers and experts. Germany’s Siemens acquired the Milanovic Engineering Company from Kragujevac with the view of embarking on the production of trams at their premises.
The German Ambassador to Serbia, Axel Dittmann said that opening of the Mind Park in Kragujevac was a good indicator of the long-standing partnership and cooperation between Germany and Serbia and underlined that, in addition to economic support, Serbia also had Germany’s support for EU bid.