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Brose To Invest €180m In Serbia

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Prime Minister Ana Brnabic talked today with Urlich Schrickel, Chief Executive Officer of the Brose Group, which started the construction of a factory of auto-moto parts in Pancevo and plans to employ 1,100 workers and invest in Serbia at least €180 million by the end of 2026.

Brnabic expressed her gratitude to the representatives of this successful German company for the trust to invest in our country.

She pointed out that her goal and vision of the government, which is to encourage exactly these types of investments and the arrival of companies in Serbia that recognise not only a good market, but also the capacity and quality of professional staff, which coincides with the economic and strategic priorities of the government, which is an economy based on knowledge and innovation.

The Prime Minister pointed out that she highly appreciates the vision of the company’s management to establish a research and development centre in addition to production in Serbia.

She emphasised that establishing cooperation with universities in Serbia, primarily with the Faculties of Electrical Engineering and Mechanical Engineering, as the company “Brose” did, is essential because one of the goals of the government is deeper and more efficient connection of companies with the education system and students.

Schrickel explained that out of the mentioned 1,100 workers, it is planned that 460 employees will have a university degree, which would amount to more than 40 percent of the total number of workers.

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He confirmed that the company, in addition to production facilities, will also have a department that will deal with development and that qualified personnel dealing with the production of hardware and software will be necessary.

In that regard, the officials agreed that Serbia has the appropriate staff.

Schrickel informed the Prime Minister that the first phase of the construction of the factory will be completed in the spring of 2021, and that the production will start at the end of that year.

The Prime Minister pointed out that Serbia is intensively building the image of a country desirable for investors, and that it changed the financial laws and improved the tax system, which created a favourable climate for investments in our country.

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