BELGRADE (Serbia), November 22 (SeeNews) – German flexible metal elements manufacturer Witzenmann plans to invest 20 million euro ($22.8 million) in the construction of a plant in Serbia, Serbian president Aleksandar Vucic has said.
Witzenmann plans to break ground of a manufacturing plant in Serbia in February and hire 300 employees in the country, Vucic said in a Twitter post on Tuesday.
The German company has 24 subsidiaries in 19 countries worldwide. It still has no production activities in Southeast Europe.
($ = 0.875963 euro)