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Sep 17, 2020 10:55 EEST
September 17 (SeeNews) - Representatives of Japanese electric motors manufacturer Nidec Corporation visited Serbia to consider opportunities for the construction of a factory in Novi Sad, the city government said.
Nidec Corporation has included Novi Sad in a list of potential locations for the construction of a factory in Europe and a delegation led by the president of the company, Jun Seki, visited the Sever 4 area of the city's industrial zone to study the site, the Novi Sad city government said in a press release on Wednesday.
Novi Sad would provide all needed logistics for the construction of the factory, as the project will have a great importance for the city and for Serbia, Novi Sad mayor, Milos Vucevic, said during a meeting with Seki.
"In addition to the immediate financial benefits for the state and the opening of jobs, the arrival of a company of that reputation is an exceptional advertisement for our country," Vucevic said.
The Japanese company plans to invest between 500 million euro ($593 million) and 1 billion euro in the construction of the factory but has not made a final decision on its location yet, Vucevic said last week.
Nidec Corporation, listed on the Tokyo Stock Exchange, is a manufacturer of electric motors used in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment.
($ = 0.848509 euro)
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