July 26 (SeeNews) - German car parts manufacturer Vorwerk Autotec has officially started the construction of a factory in Cacak, in central Serbia, the Serbian President's office said.
"This factory will not only ensure the means of living of 1,000 workers and their families but will also be important for the entire Moravica district - Gornji Milanovac, Lucane, Ivanjica," president Aleksandar Vucic said on Wednesday during the official ceremony for the start of the construction works, according to a statement by the President's office.
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In April, Vorwerk said it plans to invest 43 million euro ($52.4 million) in the construction of a factory in the industrial zone of Preljina, near Cacak.
The company intends to open a total of 1,000 jobs over eight years and produce bushings and sealings for cars of the Audi, BMW, Mini, Volkswagen and Porsche makes, according to a letter of intent of Vorwerk Autotec dated March 9, 2018 and posted on the website of the Cacak city government.
($ = 0.8537 еuro)