Despite bumpy national and international politics, there are still Western companies high on Serbia, with these including German mechanical equipment manufacturer Wacker Neuson, which has now opened a second EUR 25 mln plant in Kragujevac, according to local media.
Wacker Neuson CEO Karl Tragl stated that the company had decided to invest on the back of positive growth, good cooperation with the national and local governments and Serbia’s generally stable economy, as cited by ekapija.com.
The new factory will increase employment to 1,200 in Kragujevac, who will benefit from 50,000 square meters of production space following completion of the next phase of development. That said, Wacker Neuson board member Felix Bietenbeck was noted as saying that the factory would eventually include 100,000 square meters of space.
Serbian Prime Minister Ana Brnabic attended the opening of the factory June 1 and noted that trade with Germany in 2022 came to EUR 10 bln, but that 2023 appears to be on the road to even better results.
Photo by Digitalmarketing WackerNeuson, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons.