Leoni with two new production plants in Serbia
German auto wiring systems maker Leoni has revealed its intentions to invest around EUR 22 million to expand manufacturing operations in Serbia with two new facilities, announced the Serbian economy ministry. The facilities will most probably be situated in the municipalities of Prokuplje and Doljevac, where Leoni already operates two plants.
The company is expected to open at least 1000 new jobs so the state support it will receive will be around EUR 5,5 million. Under this deal, the plans should become operational after three years and a total of 5,202 workers should be employed in the country. Additionally, the investor is obliged not to reduce the number of employees for the next five years.
Leoni has been present in Serbia since 2009 and for the first half of this year, it ranked as the 13th biggest exporter from the country. The cable systems shipped abroad for the first half of the year are worth EUR 72,9 million. The new plants will be producing cable systems for Jaguar, BMW, and Land Rover.
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