A new Knott Autoflex Yug plant manufacturing parts for car trailers was opened on Thursday in Becej, a town in Serbia’s northern Vojvodina province.
Prime Minister Aleksandar Vucic attended the ceremony today along with Economy Minister Goran Knezevic, head of the Vojvodina provincial government Igor Mirovic, President of the Assembly of Vojvodina Istvan Pasztor, and German and Hungarian ambassadors Axel Dittmann and Attila Pinter.
The plant, an investment worth EUR 1.3 million, will employ 150 new workers, the Serbian government announced, quoting Vucic as saying that 33,000 people are currently employed by German companies that do business in Serbia.
He “voiced hope that this number will go to 35,000, while in the next period it may even exceed 50,000.”
“Serbia’s public finances are secure, and now it is up to us to provide good standard of living for our citizens. Public debt has started to drop,” Vucic said.
Knott Group has three companies in Becej – Motorflex Overhaul, Knott Autoflex Yug and the Autoflex foundry, while more than 90 percent of its products manufactured in Serbia are e xported to EU countries, Israel, Russia, Turkey and the United States.
