BELGRADE (Serbia), August 27 (SeeNews) - Chinese company Yanfeng Automotive Interiors has completed the construction of a seating factory in Serbia's Kragujevac, it said.
Yanfeng intends to open 500 jobs in Kragujevac over the next few years and to launch production at the new site by the summer of 2022, Yanfeng said in a statement on Thursday.
The Chinese company will manufacture seat components for various customers in a production area of approximately 20,000 sq m at the new factory, it said.
"With our new seating plant in Kragujevac, we are responding to market demand and expanding our product portfolio in Europe," said Chunfeng Xu, Yanfeng Seating general manager in Europe.
In August 2020, the Kragujevac city government said Yanfeng plans to invest 18 million euro ($21.1 million) in the project by 2023.
Yanfeng already operates an interior component plant in Kragujevac, which it opened in November 2019.
($ = 0.8514 euro)