Serbian President Aleksandar Vucic said that one of the Serbian government’s goal was to help the German company, Kromberg & Schubert, one of the biggest global manufacturers of automobile components, to employ 4,000 people in their facilities in Krusevac.
“People are still unaware what kind of effect this factory will have on Krusevac and the entire district”, Vucic said to the press while taking a tour of the factory. He added that he was proud that the government had reached a just decision on subsidies.
He then went on to say that Serbia wouldn’t have been able to get such a good factory if subsidies had not been provided.
“We have provided better conditions (than other countries), and let all of the prospective investors know that whatever they were offered in neighbouring countries, we would offer more. If they had asked for more, we would have given more to them, but we have already given a lot considering they are going to employ 4,000 workers in Krusevac”, the Serbian President said while urging young people to apply for jobs in the factory which is the biggest production facility in Rasina County.
Kromberg & Schubert’s investment is worth in the region of 29 million euros, while the Serbian government provided 9.5 million in incentives. The town of Krusevac gave 6.2 hectars of land for the factory to be built.
As Vucic explained, the factory plans employ 300 people by the year end, another 600 by March 2018 and 2,500 in the next five years. The Serbian government wants to see this number to grow to 4,000.
The German investor has been building a 24,000-square-metre-facility in Krusevac since March. The facility will feature 18,000 square metres of production space, and it will produce cables, wiring systems and injection technology-based products for the automotive industry.
The works are supposed to be completed on 21st December, 2017, and the production should start in March 2018.
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