Germany’s MTU Aero Engines to open a factory in Stara Pazova

Munich-based aircraft software, component and engine manufacturer, MTU will open a factory in the Vojvodinian town of Stara Pazova.

The Ministry of Economy and MTU Aero Engines AG have signed a memorandum of understanding stipulating the investment in the presence of the Serbian President Aleksandar Vucic who pointed out that a state-of-the-art company had arrived in Serbia and that each third aircraft in the world contained MTU’s components.

Vucic also said that the agreement on the construction of the factory would be signed in June. As he says, the production will probably be launched in Stara Pazova, the factory’s location.

The plant will employ 450 people during the initial phase, with more workers planned later on.

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The company’s CEO, Michael Schreyögg said that Serbia would become their hub for servicing aircraft engines in this part of Europe and that the company would buy land for the construction of the plant in summer. He also praised the investment climate and highly skilled workforce in the country which were one of the reasons why MTU chose Serbia for the investment.

MTU is one of the five best providers of maintenance services for commercial aircraft engines and industrial gas turbines. One-third of the global fleet of passenger planes relies on components delivered by this company. In the military sector, MTU Aero Engines is the leading industrial partner for nearly all engine types used by the German armed forces. MTU has offices all over the world, and the company’s headquarters is located in Munich.

The company is present in 15 countries of the world, including Great Britain, France, the Netherlands, Poland, the USA, Canada and others.

Among other activities, it designs, develops, produces and provides support for engines for commercial and military planes.

MTU has a leading role in providing services of maintenance for the V2500 engine, which powers Airbus A320 planes and is used by Air Serbia, among others.

The company was founded in 1934 in Munich, has around 10,000 employees, and its annual revenue stands at around EUR 4.6 billion.

(Blic, 07.05.2019)


This post is also available in: Italiano

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