Yanfeng to open a new production plant in Kragujevac

The Yanfeng Company is going to open a new production plant in Kragujevac where it will manufacture safety systems for cars, primarily airbags.

The Chinese company, which has production facilities in over 240 locations, is the biggest producer of car interiors in the world. They opened their first European factory in Kragujevac in November 2019. So far, they have invested around EUR 40 million in it. The plan is to employ an additional 1,000 people by 2025, the company says.

“We are very happy that we are here, in Serbia, and that we are expanding our operations with a new production hall. The high-tech safety systems, that we are going to manufacture here, have never been manufactured in Serbia before,” said Michael Hague, the vice-president for Europe and North America at Yanfeng.

Yanfeng has headquarters in Shanghai and owns 110 manufacturing facilities and technical centres in 20 countries, employing more than 32,000 workers.

(eKapija, 01.08.2021)





This post is also available in: Italiano

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