The Hungarian German company Knott Autoflex Yug has opened a new hot-dip galvanizing plant in Becej that will process iron and steel products. For the investments worth EUR 7.5 million the company received state subsidies of EUR 250,000.
The facility will employ 82 workers. The annual production capacity will amount to 20,000 tons out of which 14,000 tons will be sold while the rest will be used for the need of its own production.
Knott manufactures car trailer parts and employs 740 workers in Becej. Total investments of the company amount to EUR 25.5 million.
The Serbian president Aleksandar Vucic said that galvanized products from the Knott facility would be built into the guard rails along Serbian roads, currently being imported.
He also announced the construction of the bypass around Temerin for faster travel to Novi Sad and a high-speed road from Sombor to Kikinda.
German Knott group operated in Becej through three companies: Motorflex Remont, Knott Autoflex Yug and Autoflex Livnica.
Knott Autoflex Yug was founded in 2003. Over 90% of its output is exported and in 2018 their profits amounted to EUR 29.2 million.
The opening ceremony for the new Knott facility in Becej was also attended by the President of the Government of AP Vojvodina, Igor Mirovic, the President of the Assembly of Vojvodina, Istvan Pastor, the German ambassador to Serbia, Thomas Scheib, Autoflex Knott Hungary CEO and co-owner, Sándor H. Szabó, the Director of the Knott Group Germany ,Valentin Knott, and Mayor of Becej, Dragan Tosic
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