Germany's Siemens is going to invest €10 million Serbian factory for producing windmill generators

Germany's Siemens is going to invest €10 million in its factory for producing windmill generators in Subotica over the next three years, said Ivan Knezevic, the deputy CEO of that company. Knezevic said at a press conference that another production facility had been added...

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Germany's Siemens is going to invest €10 million Serbian factory for producing windmill generators



Balkans.com Business News Correspondent - 07.05.2013

Germany's Siemens is going to invest €10 million in its factory for producing windmill generators in Subotica over the next three years, said Ivan Knezevic, the deputy CEO of that company. Knezevic said at a press conference that another production facility had been added to the two existing facilities at the generator plant in Subotica in the previous year, stressing that the new investment would be made in the improvement of production. The factory in Subotica currently employs 650 workers. The average salary at this Siemens plant is 2.5 times bigger than the average salary in Serbia. Over the last five years Siemens has implemented projects worth €415 million, with its exports from Serbia growing at an annual rate of 38%. Wind generators from the Subotica-based factory are exported to European and Asian markets, and Knezevic pointed out that "every fourth windmill in Europe is powered by generators made in Subotica." Source; SIEPA


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