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German Stada and Continental expand businesses in Serbia

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German Stada will start production of new preparations and drugs in Vrsac-based factory Hemofarm – said Serbian Deputy Prime Minister and Minister of Economy Mladjan Dinkic.

As the Ministry of Economy of Serbia announced, Stada CEO announced the plans to further modernize a research center in Vrsac at the meeting in Berlin.

Stada, the owner of Hemofarm, is the largest German investor in Serbia that have invested 650 million euros to date.

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German Continental has offered a long-term cooperation with Nis-based factory Vulkan.

– They informed us on the intention to launch a greenfield project in the automotive industry in Serbia. During the first phase of this project 250 jobs will be created, while another 600 will be created during the next one – Dinkic underlined.

Source www.ekapija.com

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