March 19 (SeeNews) - German cable and wiring systems manufacturer Leoni plans to build its largest factory in Southeast Europe (SEE) in Kraljevo, in central Serbia, the city government has said.
The company will build the factory in the agricultural zone of Kraljevo, on a plot of land that has been used by the city's agricultural and chemical school so far, the Kraljevo city government said in a statement on Friday.
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The city parliament will hold an extraordinary session to approve a change to the zoning plan of the area in order to open the way for the construction of the factory.
Last month, Belgrade-based media reported Leoni plans to launch works on a plant in Serbia worth over 60 million euro ($73.7 million), its fourth in the country, in July or August. The plant will produce cables for Mercedes cars and will employ 4,000 to 5,000 people. The construction works on the 45,000 sq m facility are planned to be completed by the beginning of 2020, according to the media reports.
Last year, Leoni opened its third production plant in Serbia, in the city of Nis. Currently, the company employs 1,000 people in Nis and plans to increase its workforce in the city to 2,200 by the end of 2019.
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