Source: Tanjug | Sunday, 07.03.2021.| 12:06
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Following Loznica, Chinese Minth Automotive to Also Build Factory in Sabac

Illustration (Photo: Yulia Grigoryeva/shutterstock)
Serbian President Aleksandar Vucic stated yesterday that the Chinese company Minth Automotive would commence production in Loznica in April, but that the company had also announced that it would open another facility in Serbia, that is, that it would build another factory in Sabac.

– That’s good news for Sabac – Vucic emphasized.

He pointed out that, following the Japanese company Yazaki, which also plans to expand it business, Sabac would now get another investor, the Chinese Minth.

Let us remind that the construction of the Minth Automotive factory in Loznica, where aluminum car components would be produced, started in April 2019, and the investment is worth EUR 100 million.

Last year, this Chinese company announced the possibility of investing in Kula as well.
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