Vučić: The total investment of the German company Brose in Pancevo is 180 million euros, the Government helped a lot

Today, the President of Serbia, Aleksandar Vučić, visited the factory and the research and development center of the German factory Brose in Pancevo, and the planned total value of that investment is 180 million euros.

The construction of the factory, which produces various types of car parts, began in March last year, and since July this year, more than 350 employees have been working in the plant where electric fan motors for car refrigerators and electronics are produced.

The start of operation of the production line for electric oil pumps is planned for the beginning of 2022.

The plan is for 1,100 people to work in the Brose factory by 2025, and for its export to amount to around 440 million euros a year.

Vučić said that the Brose factory is one of the best investments in Serbia because 41 percent of the employees are highly qualified workers, and the salaries are many times higher than the average in the country.

He pointed out that the Government of Serbia helped the investment of the German company in Pancevo with a lot of money, but that the expectations are that it will bring “a lot of good” to Pancevo, Belgrade and other cities.

Vučić said that Pancevo will be further developed by investing in infrastructure and attracting new investors.

Brose is a family company that employs about 26,000 workers in 24 countries at 64 locations and has a turnover of 6.2 billion euros, and every other vehicle in the world has parts that are produced in its factories.

Vučić: 11 billion dinars on Petrohemija’s account, so that we can finish negotiations with the Russians as soon as possible

Petrohemija from Pancevo currently has 11 billion dinars on its account, ie about 90 million euros, and that company is doing well, Serbian President Aleksandar Vucic said today.

“Petrohemija now has no problems in business, but it may have them in the future, and that is why it is important to complete negotiations with the Russians on privatization as soon as possible. Then most of the problems of Pancevo will be solved,” Vucic told reporters in Pancevo. Brose.
He added that the city will have money for local infrastructure and will be “one of the best places to live”.

The Oil Industry of Serbia (NIS), which is majority owned by Russian Gazpromneft, is the only one to submit an application for participation in the privatization process of Pancevo.based Petrohemija.

In September this year, the Ministry of Economy invited all interested domestic and foreign legal entities to participate in the privatization process of that company through the model of strategic partnership, with a recapitalization in the amount of 150 million euros, which gives a maximum share of 90 percent.

By Editor

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