UPDATE 1 - Jabil setting up manufacturing facility in Croatia, to hire over 1,500

“This expansion is a strategic move that aligns with Jabil's focus on long-term secular trends and growth in renewable energy, electric vehicles, healthcare, 5G, and cloud. The new facility will serve as a hub for Jabil's continued commitment to innovation, sustainability, and delivering comprehensive manufacturing solutions to our customers,” Jabil’s executive vice president in charge of operations, Gerald Creadon, said in a press release.

The construction of the new manufacturing facility is due to be completed in early 2024.

A PR officer for Jabil told SeeNews they cannot communicate further information about the investment project at the moment.

Jabil has more than 250,000 employees in more than 100 strategic sites in 30 countries around the world, according to the company's website.

“The investment announced by Jabil is one of the biggest investments in production in Croatia in the last 20 years,” Croatia’s economy minister Davor Filipovic said in a separate press release on Thursday. Croatia won this investment project in a competition among 16 countries, he said, adding that the project concerns production with high value added.

By the time this story was published the economy ministry has not responded to a SeeNews email seeking details of the investment project.