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China's Minth breaks ground for 100 mln euro car parts factory in Serbia

Author Radomir Ralev
China's Minth breaks ground for 100 mln euro car parts factory in Serbia Groundbreaking ceremony for Minth factory in Loznica; Source: Serbian President's Office

BELGRADE (Serbia), April 3 (SeeNews) - Chinese car parts manufacturer Minth has started the construction of a production plant  in Loznica, in western Serbia, the Serbian president's office said.

Minth plans to invest 100 million euro ($112.5 million) in the construction of the car parts factory which will manufacture aluminium parts for cars and will have 1,000 employees, the Serbian president's office said in a press release following the groundbreaking ceremony attended by president Aleksandar Vucic on Tuesday.

In October, the Serbian president's office said that Minth is also interested in greenfield investments in Serbia's hotel sector.

Minth is active in the design, production and sale of both structural and decorative car parts.

($ = 0.888926 euro)

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