You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

France's Novares invests 5.2 mln euro in capacity expansion in Serbia

Author Radomir Ralev
France's Novares invests 5.2 mln euro in capacity expansion in Serbia Sinisa Mali. Author: GTC. License: All rights reserved

BELGRADE (Serbia), October 16 (SeeNews) – French car parts manufacturer Novares has invested 5.2 million euro ($6 million) in the construction of a new production unit at its plant in Zrenjanin, in northern Serbia, finance minister Sinisa Mali said on Tuesday. 

The company has created 50 jobs at the new production unit, Mali said during the official opening of the facility, according to a video file posted on the website of Serbian news agency Tanjug.

"A large part of the parts produced here are installed in the most luxurious cars of today such as Jaguar, Peugeot, Porsche and Bentley," Mali said. 

Novares is manufacturing plastic products for the automotive industry and currently has about 170 employees in Zrenjanin.

($ = 0.864174 euro)

Compare