Search results for: automotive components

Due to its highly skilled workforce and location, the automotive industry in Serbia is not just a traditional economic sector but also a sector with a promising future. Today almost all significant European and some Asian automakers receive supplies from the Serbian automobile sector

The production of automotive components is one of the fastest growing sectors of the Bulgarian economy in recent years. According to the Bulgarian Investment Agency, 80% of all sensors and over 90% of airbag sensors in European cars are produced in Bulgaria

The new factory, YFA Automotive, is located in the Technological Industrial Development Zone TIDZ Skopje 1 and will create 100 jobs

In the recent years there have been a number of successful smaller local and foreign ventures in the automotive components industry. The country provides a cost-competitive environment, free trade access to Europe, and strong local supplier base, which altogether create a welcoming business environment to foreign investors

The facility will serve German automotive components supplier Bosch. The investor’s provisions are that the new plant is to begin production in mid-March, the municipal government said

In Smederevska Palanka, the Kyungshin Cable plant will produce components for high-tech electric car batteries, as well as parts for traditional cars

Electrоmobility is one of the fastest growing sectors in today`s economy. In South-East Europe this industry is also developing but at a slower pace in comparison to other parts of the continent. In recent years there are many different projects and initiatives related to the expansion of electromobility in SEE countries

A recent survey examines several SEE countries as attractive markets for automotive investments and growing in popularity manufacturing hubs. Among them are Romania, Slovenia, Serbia, North Macedonia and Bulgaria

The investment is worth around 60 million euros. It has created more than 350 new jobs at the Romanian location which now employs around 1000 people