Japan’s NIDEC starts construction of its EUR 250mn factory in Novi Sad

The Japanese company Nidec has started construction of an electric engine factory in Novi Sad, which will employ 480 workers in the first phase.

The Serbian government has earmarked EUR 8.9 million for one of the largest investments in Serbia, worth some EUR 250 million.

The groundbreaking ceremony at the factory’s site was attended by Serbian President Aleksandar Vucic, CEO of the Nidec Corporation, Jun Seki, the Japanese Ambassador to Serbia, Takahiko Katsumata and the director of the Nidec factory in Serbia, Marko Ivovic.

Vucic said that the arrival of Nidec, which produces the best electric engines in the world, is a fantastic success for Serbia. “Since Nidec chose Serbia, this means that we have made progress and that we have been able to beat the competition, but also to show a kind of responsibility that we did not have in the past. This is an investment that will provide us with revenue to invest in infrastructure, roads, water supply and sewerage,” Vucic said.

The factory is expected to be finished next year.

(Bizlife, 13.12.2021)

https://www.bizlife.rs/japans-nidec-starts-construction-of-a-factory-worth-eur-250-million-in-serbia/

This post is also available in: Italiano

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