Austrian Company Feller to Open Power Cord Production Facility in Subotica

The Memorandum of Understanding has been signed in Subotica between the City of Subotica and Privredno drustvo Feller d.o.o. from Subotica.

At the Green Room of the Town Hall, the memorandum was signed by Mayor Stevan Bakic, on behalf of the City of Subotica, and Feller Company Director and Owner Barbara Ascher and Feller d.o.o. Subotica Director Nebojsa Milosevic, on behalf of the company.

According to the City’s website, on that occasion, Bakic expressed the satisfaction that he had signed the Memorandum with the reputable company Feller – Neumayer Group, which develops, produces and distributes power cords.

– Subotica is the seat of the Serbian branch of this international business group, which, in addition to Austria, also has production and sales capacities in Hungary, Great Britain, America and Hong Kong. We thank the company’s management and the here-present Company Director and Owner Barbara Ascher for deciding to expand their operations to Serbia too, and in our Subotica at that. It is a big day for our city and the state of Serbia, and the fact that their products are bought by companies like Bosch, Hewlett-Packard and Cisco shows what kind of company it is – Bakic said.

He pointed out that Free Zone Subotica, as well as the Business Zone Mali Bajmok in Subotica, continued to develop.

– The Memorandum of Understanding says that Feller will invest up to EUR 5 million in the construction of its own production facility in our Free Zone and that it will employ around a hundred workers in the first phase. The City of Subotica expressed its readiness in this document to accelerate and facilitate all the procedures for the investor and to provide the necessary infrastructure for access to the parcels on which the factory is to be built – said Mayor Stevan Bakic.

Barbara Ascher said that the warm welcome was a sign that Feller was welcome in Subotica.

– At our company in Austria, we have plenty of employees from your country, who have been telling me for a long time to expand our capacities by opening a factory in Serbia. They also told me that Serbia was a great country, that people here were good and that the workforce was highly professional. We sought where to open the factory and we finally decided, in cooperation with the Austrian Federal Economic Chamber in Belgrade, that Serbia was the right country for us. At the proposition of Nebojsa Milosevic, we came to Subotica and made sure that he had been right. We will truly try to be successful and fulfill your expectations – said Barbara Ascher.

Grad Subotica

Feller d.o.o. Subotica

DOO Slobodna zona Subotica

City of Subotica

Feller doo Subotica

Feller

Feller Neumayer Group

Free Zone Subotica

Business Zone Mali Bajmok

Austrian Federal Economic Chamber in Belgrade

Stevan Bakić

Barbara Ascher

Nebojša Milošević

Memorandum of Understanding

power cords