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Germany's Continental completes first phase of new factory in Serbia's Novi Sad

Author Radomir Ralev
Germany's Continental completes first phase of new factory in Serbia's Novi Sad Continental R&D centre in Novi Sad; Source: Vojvodina regional government

BELGRADE (Serbia), November 10 (SeeNews) - German car parts manufacturer Continental has completed the development of the first phase of its second factory in Serbia's Novi Sad, the Serbian president's office said on Wednesday.

The factory will be completed in about a year and will have between 600 and 700 employees, the Serbian president's office said in a statement.

Continental opened in March its first factory in Novi Sad after a 140 million euro ($162 million) investment.

The German company has also been operating a research and development (R&D) centre in Novi Sad since March 2018 and also has a plant for pipes and pipe systems for vehicle powertrains in Subotica, in northern Serbia.

($ = 0.8648 euro)

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