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Serbia's Nis Mayor Zoran Perisic and Johnson Electric Directors Loran Kardon and Michael Friedrich signed in Nis on Tuesday the contract on free concession of public construction land for the construction of a plant. The value of the investment adds up to between EUR 15 and 20 million.
Perisic said after the agreement signing that the plant would employ around 1,000 workers and that it would start operating in June 2014.
Kardon said that Nis was chosen as the investment site because of both the city's incentives and because of the fact that Nis is a city with a university and a network of high schools, which constitutes important logistics in the company's operation.
Kardon said that the Nis company would produce engines for the Western European market and that it aims to expand globally reports Tanjug.
Production will begin in 2014, and the first phase of the project will include a 10,000 sq. meter factory, with plans for up to 1,000 workers over the next few years. The investment adds additional production capacity to the company's existing facilities in Hungary, Poland, Italy, France and Switzerland.
"This expansion of Johnson Electric's production capacity is aligned with the supply chain strategies of our European customers, who select partners with a global manufacturing footprint to support their regional production and their new projects," said Jim Dick, Johnson Electric's senior vice president, strategic marketing and sales.
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Povezane vesti na srpskom
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