July 4 (SeeNews) - Serbia's president Aleksandar Vucic said on Tuesday that German company Vorwerk Autotec is studying the options to start manufacturing car parts in the country under a greenfield investment scheme.
The German company is interested in setting up a production factory in Loznica or Kraljevo, Vucic said after a meeting with Vorwerk officials, as quoted in a statement by his press office.
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Loznica is located on the border with Bosnia. Kralevo is in central Serbia.
Vorwerk Autotec, based in Wuppertal, is a developer of automotive suspension technology. The company operates factories in Germany, Mexico, China, Slovakia, Poland, USA, India and France.