France’s Le Belier to invest 12 mln euro in expanding car parts factory in Serbia
, NewsSerbia’s Vojvodina autonomous province said French producer of moulded aluminium safety components for cars Le Belier plans to invest 12 million euro ($12.9 million) in the construction of a new unit at its factory in Kikinda.
The company plans to hire 80 employees at the new unit which will cover an area of 2,500 sq m at the Kikinda factory where it currently employs some 600, the Vojvodina government said in a statement on Wednesday.
The construction of the unit will allow Le Belier to increase the output of the factory to some one million units annually, the Vojvodina government said.
Le Belier opened its plant in Kikinda in 2003. Initially, it had 75 employees.
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