China's Zhong Qiao, Turkey's Feka Automotive to open factories in Serbia

Zhong Qiao plans to start the production of plastic granules in Cuprija through a recycling process this year, while Feka Automotive is currently preparing the project documentation for its factory, Eric said, as quoted in a statement by the Cuprija local government earlier this week.

The factory of the Chinese company will be located at a former production plant of Serbian insolvent company Velmortrans, Eric said.

Moreover, Serbian company Eurofiber, owned by Hong Kong-based China Prosperity Industrial Corporation, intends to start the production of socks in Cuprija in partnership with another Chinese company, he added.

The Chinese investments in Cuprija follow a visit by a delegation of Cuprija officials to China. Last year, Cuprija signed a twin-city agreement with Shuyang County, located in China's northern province of Jiangsu.