Knott Autoflex Yug opens a factory in Becej

The German / Hungarian company Knott Autoflex Yug has opened a new production facility in Becej worth 1.3 million EUR, and created 150 new jobs.

The facility, spanning 9,500 square metres, will produce parts for car trailers, and it was officially opened by the Serbian PM, Aleksandar Vucic in the presence of the German Ambassador to Serbia, Mr. Axel Dittmann.

Vucic said that he was pleased that another German investment was realized and pointed out that 33,000 people were employed by German companies in Serbia. “I expect the number to exceed 35,000 soon, and that it will even reach 50,000 in the future”, the PM said and pointed out that it was the goal of the Serbian government to work on creating new jobs and attracting investors in the next period.

The German Ambassador said that that the German automotive companies have invested close to 230 million EUR in Serbia, and created 12,000 new jobs. He pointed out that they were planning to create 3,000 more jobs.

The Knott Group, the mother company of Knott Autoflex Yug, has two other companies in Serbia – Motorflex Remont and Autoflex Livnica. All three companies have production facilities spanning over 23,000 square metres, and close to 570 employees.

Knott Autoflex Yug came to Serbia in 2003, and started operating with only 10 workers in a production facility that was only 1,000 square metres. So far, the Group has invested 15.5 million EUR in Serbia, out of which 10.3 million EUR was investd in Autoflex alone. Autoflex’s turnover is in the region of 24.5 million EUR, while the total turnover of all three of Knott’s companies in Serbia is 33.47 million EUR.

(Vecernje Novosti, Blic, 02.02.2017)

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