MD Electronic to launch production in Serbia?

The news that there is a possibility that a German car manufacturing company will come to Serbia has created a lot of buzz in the region. Serbian authorities are not that keen to comment on the news as yet, but as the Vecerenje Novosti unofficially finds out the German producer of cables and electronic components, MD Elektronik could be that company.

On Thursday, the Vecernje Novosti contacted several times the Croatian innovator and car manufacturer, Mate Rimac, who was the first to announce that a German automotive company had been planning to launch production here. However, he told us that he had no news as yet, and when we asked whether the said company could be MD Elektronik, he refused to confirm or deny that.

Belgrade, Pancevo or Kraljevo are all thought to be the possible locations for this investment.

MD Elektronik was founded in 1974 and is engaged in the production of various solutions for data transmission in vehicles, i.e. cables, computer solutions and the like. Alongside the company’s headquarters in Waldkraiburg, in the province of Bavaria, they have offices in the Czech Republic, Beijing, New York and Mexico. The company employs over 4,600 people worldwide. Apart from the development and production of data transmission cables and electronic components, the company also produces high-frequency automatic cables such as antennas, GPS, navigation systems etc. They also  manufacture acceleration sensors, brakes, pressure control valves for shock absorber control and electronic parking brake controls.

In 2000, the company opened a testing laboratory in Mexico. Since 2011, MD Group has been focusing exclusively on the car segment. To this end, the headquarters of the corporation was restructured, and the production facility in the Czech Republic was expanded to include the logistics centre near Pilsen. Also, MD Elektronic built a new factory in Mexico in 2015, which became operational a year later.

(Vecernje Novosti, 02.03.2018)


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