The arrival of a powerful company such as Hesteel to Serbia and the stabilization of Zelezara Smederevo and its further growth and development will inevitably lead to the growth and development of the metal industry, but also the Serbian economy on the whole. This is why the takeover of Zelezara of July 1
predictably placed first on the 2016 list
. As it was pointed out at the time, Hesteel paid EUR 46 million to the state for the purchase of the steel mill and plans to invest EUR 300 million in Zelezara and reach the maximum production of 2.1 million tons. As announced recently, in 2017, Hesteel will make a direct investment of USD 120 million
in the recovery and procurement of equipment and technology. Both blast furnaces are currently operational
in the Smederevo steel mill and the increased production should lead to employments of several hundred workers more in the production facilities. It is expected that the 2017 production will reach around 1.6 million tons of steel.
of the 2016 list is Germany's Kromberg & Schubert, which is building a car cable factory in Krusevac. The production should, according to earlier announcements, start this year, and the Government has set aside EUR 9.5 million in incentives for the EUR 29 million investment. The factory will initially employ 2,500 workers, and then an additional 1,500.
Another car cable production facility, which will get incentives for initiating production, follows. Japan's Yazaki
, producer of electronic and electrical systems for information transfer in vehicles, plans to start production in Sabac and employ around 1,700 workers by the end of 2019.
The fourth place
is also taken by a company from the automotive industry. The foundation stone was laid down in Baric in early April 2016 for the construction of the Chinese-French factory Mei Ta
, which will produce cylinder blocks and engine mounts, turbochargers and other components for famous car brands – Renault, Ford, BMW and Daimler. The investment is worth a total of EUR 60 million, and the test run is announced for late January 2017. Furthermore, Mei Ta plans to raise another factory in Obrenovac, for which purpose a 17 ha parcel has been designated, following which the company will be employing a total of 1,400 workers in Serbia
The American Lear
, producing car cables in Novi Sad, has placed fifth
. The production first started in the hall of the Port of Novi Sad, and is being carried out since recently in the facility in the North 4 Work Zone, which has been leased to them by the city administration. Lear has so far employed more than 1,000 people of Novi Sad, and the good news is that they are planning to keep the Port of Novi Sad hall, since additional projects have been announced.