September 13 (SeeNews) - German cable and wiring systems manufacturer Leoni opened a 50 million euro ($59 million) factory in Kraljevo, in central Serbia, it said.
The factory, Leoni's fourth in Serbia, has a footprint of 60,000 sq m, of which 45,000 sq m are production area, Leoni said in a statement on Sunday.
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"We are happy to be able to tap into a large pool of dedicated and motivated employees here," CEO Aldo Kamper said at the opening ceremony.
The factory will have a workforce of up to 5,000 employees by the end of 2023, making Leoni the largest private industrial employer in Serbia.
"Leoni is clearly focused on growth in this region – offering more job opportunities, expanding its business, becoming the biggest industrial employer in Serbia. What is more important than being the biggest employer is being the best employer. This is not an easy task, but we as one Leoni Serbia Team, together with central and local authorities, are working very hard to achieve this goal," Pierluigi Ghione, managing director of Leoni Wiring Systems Southeast, said.
Leoni also operates factories in Serbia's Prokuplje, Malosiste and Nis.
($ = 0.8484 euro)