“CF Group”, a global technological leader in the production of mobility systems and next-generation industrial technology, came to Serbia in 2018 and after five years of operation, it will end in 2023 with two factories and a Research and Development Center where 1,845 workers work.
One year after the establishment and construction of the first production plant in Pančevo, “CF Serbia” began to produce electric drive systems, as well as gearboxes and microswitches for a wide range of vehicles, so that by the end of this year the number of manufactured components would exceed 643 million.
During the last year, CF announced the opening of a second production facility in Pancevo, an investment worth 238 million euros, which, as the company states, has been achieved. Today, it is one of the largest public-private partnership investments in the country. The focus of production in the new factory is on electronic components for hybrid vehicles, as well as for premium and sports class vehicles, which are powered by electricity – batteries. Now, one year later, this facility is one of the fastest growing production facilities within the CF Electric Drive Systems Technology division in Eastern Europe.
It covers 20 hectares of the Northern Industrial Zone of Pancevo and consists of two production facilities with a total area of 85,000 square meters, which also includes the Research and Development Center.
Since 2018, “CF Group” has invested more than 247 million euros in the development of production and engineering capacities in Pancevo. According to statistical data, “ZF Serbia” is one of the most prominent and fastest growing companies in Serbia, and according to data from 2022, it was the sixth largest exporter – points out Milan Grujić, general director of the company “CF Serbia”.
Grujić adds that production is important for “CF Group” at the European level, but also that the Research and Development Center, which is one of the most advanced facilities of its kind in Serbia, is key. Opened in 2021, it covers 6,500 square meters and consists of laboratories, offices and conference rooms. The international multidisciplinary team at the Technical Center of CF deals primarily with the design and development of electric drives and axles, software calibration, testing and validation, and from the beginning of 2022, “CF Serbia” also cooperates with the Science and Technology Park (STP) in Novi Sad.
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