Brose starts manufacturing electric motors and drives in Serbia
The German Brose plans to invest over 180 million euros in a plant that will manufacture power steering motors, electric oil pumps and cooling fan motors in Pancevo. The facility is planned to create 1100 jobs in production, development and administration. Its first stage of expansion is expected to be completed by 2021.
The company also intends to launch a Research and development center in Serbia, where highly qualified professionals would find employment, the Development Agency of Serbia disclosed.
Brose Fahrzeugteile develops, manufactures, and distributes mechatronic systems and electric motors to the automotive industry. It offers product range in vehicle doors, front and rear seating, electric drives, electronics, and electric mobility. Brose has 26 000 employees working in 63 locations in 23 countries.
“We are delighted to have the international automotive supplier Brose settle here. This will have a very positive impact on Pancevo and make our country interesting for other companies,” Serbian President Aleksandar Vucic commented.
LATEST issue 4/2023