German cable maker to open fourth plant in Serbia

Izvor: N1 televizija, 26.Sep.2018, 20:41   (ažurirano 02.Apr.2020.)

German cable maker to open fourth plant in Serbia

the Leoni Automotive Cable maker was reported on Wednesday to be preparing to open a fourth plant in Serbia to become the biggest industrial sector employer in the country.

A company statement said that Serbia is becoming increasingly important to Leoni’s development strategy in the region. It added that the company’s management board will hold its regular six-month meeting in Serbia, the first outside of Germany in the past 10 years.

The new plant will be built in >> Pročitaj celu vest na sajtu N1 televizija << the town of Kraljevo and will be completed by early 2020 making Serbia the only European country in which the Leoni cable division has four production plants.

Leoni is reported to have invested about 90 million Euros in its three production plants in Serbia since 2009. It currently employs 6,000 people.  

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