June 14 (SeeNews) - An unnamed German automobile manufacturer plans to build a factory in Serbia’s western municipality of Cacak - a greenfield investment worth at least 90 million euro ($98 million), president Aleksandar Vucic said.
The company plans to break ground for the factory in October, Vucic said in an Instagram post on Monday.
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The company will employ 800 workers at the plant, he added.
“By next summer we will be attending the opening of this large factory, which will mean a lot, not only for our city, but also for the whole of Serbia,” Cacak mayor Milun Todorovic said, as seen in a YouTube video posted on the channel of local media outlet Glas Zapadne Srbije on Tuesday.
The production and office space, spanning some 60,000 sq m, will be built in several phases, Todorovic added.
Last month, Japanese electric motor manufacturer Nidec Corporation opened a factory in the northern city of Novi Sad.
($ = 0.9222 euro)