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Magneti Marelli formed company in Serbia – Production units in Kragujevac soon

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Representatives of Italian company Magneti Marelli registered a company in Belgrade on Friday (December 3, 2010), which will start building its production units in Kragujevac in the first half of 2011.

They also visited locations in the center of Sumadija, in which about 50 million euros will be invested. The company intends to install its production lines in Zastava’s former Mechanical Processing unit and in a new plant, of which construction should commence soon.

As Aleksandar Ljubic from the Ministry of Economy explained for daily paper Blic, Fiat’s greatest collaborator is going to build its units in two locations and employ 400 workers.

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