Continental to open new factory in Serbia's Novi Sad in early March
Photo by Lens Hitam / Shutterstock.com
In early March, the German company Continental is opening a new factory of automotive electronics in Novi Sad, worth EUR 140 million, where more than 500 workers will be employed, the government of the Autonomous Province of Vojvodina, northern Serbia, announced following a meeting between Vojvodina's president, Igor Mirovic, and the general manager of Continental Automotive for Serbia, Sasha Cioringa.
According to a report by eKapija, Continental decided to invest in the factory following the excellent performance of its research and development (R&D) center for vehicle interior and safety control systems in Novi Sad, Coringa said. Continental opened its R&D center in Novi Sad in March 2018 and has hired about 500 engineers so far. The company operates a plant for pipes and pipe systems for vehicle powertrains in Subotica, in northern Serbia.
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