The President of the municipality of Indjija, Vladimir Gak, has said recently that the Japanese company Toyo Tires would have a groundbreaking ceremony, marking the beginning of the construction of its new factory, in August 2020.
“As a result of the coronavirus pandemic, the date of the groundbreaking ceremony has been moved from April to August. We are communicating via email with the Government of Serbia and the Japanese investor daily,” Gak claims. The investment is going as planned, with a minimal delay due to the current situation, as reported by the Pazovaindjijavesti.com portal.
The factory, that will have fully automated production of car and truck tires, will be located on a land plot spanning nearly 64 hectares, and Toyo plans to produce 5 million tires annually here.
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The investment is worth close to EUR 400 million, and, according to the announcements, the factory will employ over 500 workers.
The arrival of Toyo Tires to Serbia was announced last summer, when it was said that the Indjija factory would be the first European factory of the well-known Japanese tire manufacturer.
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