14. Oktobar invests EUR 24 milion in factory expansion

The company 14. Oktobar from Krusevac celebrated its 101st anniversary in the presence of high-ranking officials from the Czech Republic and Serbia. A new investment was announced, which includes the construction of buildings and infrastructure within the existing factory complex, as well as the purchase of equipment and machinery to significantly increase production capacity, amounting to EUR 24 million. In 2025, annual turnover is projected to reach EUR 30 million, and the factory will employ 370 workers. For 2026, projects worth EUR 42 million are planned, along with the creation of 50 new jobs. In 2027, an additional EUR 70 million will be invested, creating another 50 new jobs.

“The investment of EUR 24 million represents an important step in advancing production and technological capacities, as we strive for the highest standards, increased production, and the development of new products that will position us globally. Through these investments, we are becoming more competitive on the global market, which is vital for the long-term sustainability of the factory. This also contributes to the local community and economy, while continuing to meet the needs of our partners and customers, maintaining the highest standards of quality and safety”, said Petar Miljkovic, General Director of the 14. Oktobar factory.

In 2017, the 14. Oktobar factory became part of the Czech company Czechoslovak Group and entered a new phase of modernisation and global expansion. With investments in equipment, the revitalisation of facilities, and workforce development, it is now capable of meeting the most demanding challenges of modern industry. Today, 14. Oktobar is a leader in the production of high-quality metal parts for a wide range of industrial needs, from civil machinery to military programmes. Since its founding, the company has undergone various stages of development, evolving from wagon repairs to modern industrial production of premium steel and metal products. It is recognised for its reliability and adherence to the highest quality standards.