Construction of Japanese Factory Toyo Tires in Indjija Worth EUR 382 Million Begins – Jobs for 560 Workers, Production to Start in 2023
As the head of the company, Takashi Shimitsu, said, the plan is for the construction of the factory to be finished by April 2022, when the production should start as well.
– By 2023, more than 560 Serbian workers will be producing five million Toyo tires each year. We are very satisfied that we can create new jobs and improve the economic development of Serbia and Indjija – Shimitsu said.
The president of the Municipality of Indjija, Vladimir Gak, said that “this is a great historical day for Indjija”.
– With this investment by Toyo Tires of EUR 382 million, Indjija is placed on the economic map of Europe and the whole world – Gak said.
Gak earlier said that the main contractor on the construction of the hall, which will take up around 20 hectares, would be the Japanese company Takenaka, but that there would also be room for Serbian construction companies and subcontractors.
The ceremony was attended by Serbian President Aleksandar Vucic, who said that it was the biggest investment in Serbia and that the negotiations had lasted for about three years.
He pointed out that the annual export of Toyo Tires from Serbia would amount to EUR 240 million and that the company would be one of the largest exporters from Serbia.
– We expect new Japanese companies to arrive to Serbia – Vucic said.
The production complex for the fully automated production of car and truck tires will be located on a parcel of nearly 64 hectares, and the production of five million tires a year is planned.
Let us remind that the Commission for Control of State Aid recently approved EUR 41 million in state aid for Toyo Tires in Indjija.
Previously, Toyo Tires Serbia also got a subsidy of EUR 3 million for the investment in Indjija, through the allocation of 637,455 m2 of state land without compensation.
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
22.04.2024. | Transport
City of Belgrade selling garages – Initial price EUR 7,000
22.04.2024. | Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
22.04.2024. | News
German retail chain Mix Markt to open first stores in Serbia in three locations on April 29
22.04.2024. | News