February 15 (SeeNews) - German car parts manufacturer Continental will open on February 23 a 140 million euro ($150 million) factory in Serbia's northern city of Novi Sad, it's second in the city, the Novi Sad government said on Tuesday.
The factory, spanning a total of 30,000 square metres, will focus on producing high-tech solutions for vehicle interiors, the city government said in a statement.
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The company started construction work on the factory in June 2021, and completed the first phase in November 2021.
Continental opened in 2021 its first factory in Novi Sad after a 140 million euro investment.
Continental currently operates in five locations in Novi Sad and has 1,350 employees, according to the statement.
($ = 0.9305 euro)