German company ZF soon to open new facility in Pancevo
The City of Pancevo got the approval from the Government of Serbia and the Property Directorate of Serbia to alienate nine hectares of land in the north industrial zone without compensation for the purpose of the second phase of the construction of production facilities for ZF.
This industrial giant, which produces components for hybrid and electric vehicles, should open the already built production facilities in late April. The realization of the second phase of investments will begin earlier than planned, announces Mayor of Pancevo Sasa Pavlov.
– This entails the procurement of additional land of 9.2 hectares. In the first phase, we had 10.8 hectares, which makes for 20 hectares in total. This means the expansion of the production facility by around 30,000 square meters and the creation of another 460 jobs. In total, the surface amounts to 20 hectares, the production facility has nearly 60,000 square meters, the facilities feature the latest technology, more than 1,000 people will be employed, and, at EUR 160 million, this is one of the biggest capital-intensive investments.
In addition to the production, the second phase of the investment entails the construction of the scientific research center.
– This facility will have over 5,000 square meters, and over 100 highly qualified people will be employed there.
Pavlov adds that this is a sign that ZF intends to stay here. It was previously announced that deliveries of components produced in Pancevo to Audi, Volvo and Mercedes had already been agreed.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance