The Koepfer Company from Germany has bought a land plot in the Smederevo industrial zone, where it plans to build a new production facility, the mayor’s cabinet announced.
The first investment phase is expected to be realized by mid-2022, when a new factory, spanning 3,000 square metres, should be finished.
Koepfer produces gears for the automotive industry. The company said it would hire around 250 people to work in the new factory.
The mayor’s cabinet also said that the money (85 million dinars), that Koepfer paid into the town’s budget on the account of land purchase, would go towards building a new kindergarten in Smederevo.
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