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Japanese company JFE Shoji Corporation breaks ground on new factory in Serbia

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Today marks the commencement of construction for a metal parts factory for electric motors by the Japanese company JFE Shoji Corporation in Indjija, Serbia. With an investment of approximately 50 million euros, this facility, spanning 18,000 hectares, represents JFE Shoji’s first venture in Europe. Initially, the factory is expected to employ up to 150 individuals, with production slated to commence in early 2025.

The cornerstone-laying ceremony witnessed the presence of Serbian President Aleksandar Vučić, Japanese Ambassador Akira Imamura, Minister of Internal and Foreign Trade Tomislav Momirović, Assistant Minister for Dual Education Gabrijela Grujić, and the Mayor of Indjija, Vladimir Gak.

President Vučić highlighted that the Serbian government provided JFE Shoji with a subsidy of 2.86 million euros to facilitate the establishment of the factory in Indjija. He expressed the government’s commitment to supporting the company’s investment endeavors in Serbia, emphasizing the potential for JFE Shoji to contribute to workforce training in high technologies and attract further investors.

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Gratitude was extended to Ambassador Akira Imamura for his efforts in strengthening ties between Tokyo and Belgrade, as well as for fostering Japanese business interest in Serbia.

Yoshitsugu Kobayashi, CEO of JFE Shoji Corporation, emphasized that the company’s cutting-edge technologies will significantly bolster the automotive and electrical industries in Serbia and across Europe.

Established in 1954, FFI Shoji operates in the steel industry, boasting a workforce of over 8,500 individuals across more than 54 plants and branches in Southeast Asia, China, and North America.

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