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John Deere to build 6 mln euro logistics facility in Serbia - report

Author Radomir Ralev
John Deere to build 6 mln euro logistics facility in Serbia - report Author: HCQ; License: CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)

BELGRADE (Serbia), September 9 (SeeNews) - U.S. agricultural, construction, and forestry machinery manufacturer John Deere plans to invest up to 6 million euro ($6.6 million) in the construction of a logistics complex in Serbia, local media reported.

The logistics facility will be constructed in Sremska Mitrovica, in northern Serbia, news daily Politika quoted agriculture minister Branislav Nedimovic as saying on Friday.

Works will start in the second half of 2019, Nedimovic said, adding that John Deere had recently acquired a plot of land in Sremska Mitrovica for the construction of the complex.

"The value of the investment is between 5 and 6 million euro, and they plan to build six such logistics complexes in Serbia, including in Backa Topola and Novi Sad," he said.

The US company employs about 67,000 people worldwide, of which half are in the USA and Canada, and is the largest agriculture machinery company in the world, according to data from the corporate website. 

($ = 0.906393 euro)

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