Two more German automotive companies to come to Pancevo

Following in the footsteps of the automotive company ZF, two more German investors from the same sector are expected to come to Pancevo later this year and in early 2020, Mayor Sasa Pavlov has announced.

15 Maj 2019 14:07

PANCEVO - Following in the footsteps of the automotive company ZF, two more German investors from the same sector are expected to come to Pancevo later this year and in early 2020, Mayor Sasa Pavlov has announced.

ZF has invested 100 mln euros in the first phase and built an auto parts factory, Pavlov said.

In the second phase, the production facility, which is already operating, will see a 30,000 sq m expansion and a 60 mln euro research and development centre will be built in the city's North Business Zone.

The construction of the R&D centre is a guarantee that ZF has come to Serbia for the long haul and to develop leading-edge processes, he said.

At least a thousand people will be hired in the first two phases of the investment and talks about a third phase are underway with the German investor, Pavlov told Tanjug.


PhotoTanjug/Video


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