Management of new military plant Zastava TERVO Kragujevac appointed
Fairly soon, the factory will start producing military, police and commercial all-terrain vehicles, and they are already producing armored turrets for the new combat vehicle Morava, which the Kragujevac-based plant is producing in cooperation with FAP Priboj and Prva Petoletka Trstenik.
The Government of Serbia recently set aside EUR 2.5 million for the reconstruction of the facility of the former Zastava truck factory and the procurement of modern equipment, which, according to available information, should arrive from the Czech Republic and Slovakia. The former director of the Zastava Vozila Group, Dragan Srejovic, says that the amount of EUR 2.5 million is the first investment in the production of freight and all-terrain vehicles in Zastava in the past 30 years. The money is almost certainly not sufficient for all the planned works in the factory, but people in Zastava have been assured by the competent institutions that there will be new investments in Zastava TERVO next year, according to Srejovic.
It is expected that the reconstruction of the facility and the procurement and installation of new equipment will last throughout 2018, which means that the production of non-combat military, police and commercial vehicles will be able to start in early 2019.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
18.04.2024. | Industry, Finance
Here come the new hunters for Serbian gold – Australian Strickland Metals buys mining project on mountain Rogozna
18.04.2024. | Industry, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Transport
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Transport