German company Muehlbauer has started building a factory for assembling machines used to make battery cells and fuel cells in the northern Serbia town of Stara Pazova, president Aleksandar Vucic said on Thursday.
The investment would be worth EUR30m (US$32.4m) and 150 people will be employed at the factory, Vucic said as seen in a YouTube video posted by news agency Tanjug.
Go deeper with GlobalData
According to seenews.com, Muehlbauer, established in 1981, has facilities in the US, Germany, Slovakia, Serbia, Bosnia & Herzegovina, Malaysia and China.
Its key markets are mainly European countries and the US.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
