Chinese car pieces producer Minth Group has opened a EUR100 million (US$110.3 million) plant in Loznica, western Serbia, in accordance to SeeNews.com.
The plant will manufacture aluminium pieces supplied principally to BMW, Renault, and Toyota, president Aleksandar Vucic stated through the inauguration ceremony.
The factory will hire all-around 1,000 persons and Minth has programs to open up a lot more output vegetation in Serbia and employ the service of around 3,000 persons.
Minth Group operates in Serbia as a result of three subsidiaries – Minth Automotive Europe, Minth Vehicle Sections Balkan, and Minth Metallic Parts Balkan.
Aside from the plant in Loznica, Minth has a factory in the western city of Sabac. It is also making a second plant in the city, in which it programs to create metal parts for car bodies, SeeNews mentioned.