Sitemap

JTI Invests 51 Million Dollars In Production In Senta

EU’s Pharmaceutical Power Surge

In a year marked by global uncertainties,...

The Annual Assembly of the Slovenian Business Club Held

On March 25th, the annual assembly of...

BYD Overtakes Tesla in Revenue

Chinese EV giant BYD surpasses Tesla in...

Sanofi Strengthens Immunology Portfolio with $1.9 Billion Acquisition of Dren Bio’s Unit

Sanofi, the French multinational pharmaceutical giant, has...

CorD Recommends

Klaus Schwab Steps Down Amid Allegations

After more than five decades at the helm of the World Economic Forum, Klaus Schwab, the founder who played...

Print Still Reigns in Europe

In an era dominated by screens and streaming, the allure of ink on paper continues to charm European readers. According...

Meeting of the Strategic Board of the Western Balkans Investment Framework

The meeting of the Strategic Board of the Western Balkans Investment Framework (WBIF), chaired by Croatia, began this morning...

Serbian Economy Slows Sharply Amid EU Stagnation, Warns wiiw Economist

Serbia’s economy is experiencing a marked slowdown, primarily driven by the stagnation of Germany and other European Union economies,...

World Book and Copyright Day

Each year, on April 23rd, UNESCO celebrates World Book and Copyright Day to highlight the power of books to bring together...

Ana Brnabic and Takahiro Kumamoto launched a new production line at the factory

Japan Tobacco International (JTI Serbia) company, launched a new investment cycle, which is worth 51 million dollars, and it will last until 2026. The new investments include the production line, development center and two warehouses. Today, the production plant was ceremonially put into operations by Ana Brnabic, Prime Minister of the Republic of Serbia, and Takahiro Kumamoto, Vice President of the JTI company. The new production line will double the capacity of the company, which will significantly increase the export potential of the factory in Senta. Because of that, JTI will contribute to a higher value of exports in this industry branch, rather than imports. Therefore, this will contribute to a more positive foreign trade balance of Serbia.

Takahiro Kumamoto, Vice President of the JTI

Part of the investment cycle will be dedicated to the construction of the Development Center, where unique modular and flexible machines, for making and packing cigarettes, will be developed in the next two years. It is planned that the company develops this modern technology together with its suppliers. Additionally, by the end of the year, no later than January 2023, construction of a modern cigarette warehouse with an area of 1,200 squere meters, and a modern tobacco warehouse covering 1,000 square meters, will be completed. Due to the increase in production capacity, and volume of work, JTI plans to create new job opportunities in the next few years.

Takahiro Kumamoto, Vice President of the JTI and Ana Brnabic, Prime Minister of the Republic of Serbia

The ceremony was attended by H.E. Takahiko Katsumata, Ambassador of Japan to Serbia, Jelena Tanaskovic, Minister of Agriculture, Forestry and Water Management, Tomislav Momirovic, Minister of Domestic and Foreign Trade, Igor Mirovic, President of the Provincial Government, Istvan Pastor, President of the Assembly of the AP of Vojvodina, and Rudolf Cegledi, the president of the Senta municipality.

Ana Brnabic, Prime Minister of the Republic of Serbia emphasized that JTI, as one of the largest Japanese investors in Serbia, is among the five largest taxpayers and since the company’s arrival, it has paid approximately 3 billion euros into the budget of the Republic of Serbia.

Since this year is all about Japan and Serbia celebrating their 140 years of friendship, Takahiro Kumamoto, Vice President of JTI, said: ’’The development of our company in Serbia would not be possible without our true partnership with the President, Prime Minister and the entire Governement. We remain comitted to the promotion of Serbia as a favorable destination for investors. JTI is the only foreign company that buys domestic tobacco, it is the largest producer of tobacco and the largest employer in the tobacco industry with a total of about 3,000 employees, farmers, their family members and seasonal workers.“

Related Articles

Soichiro “Swimmy” Minami, Japanese businessman

Redefining Industries Success Across Industries

From transforming recruitment in Japan to joining the New York Yankees, a journey of innovation and ambition Few entrepreneurs embody the confluence of technological innovation,...

Comment

Bridges That Build the Future

By building on existing bilateral ties and exploring new avenues of collaboration, Japan and Serbia are paving the way to future partnerships and positioning...

H.E. Akira Imamura, Ambassador of Japan to Serbia

A Glimpse Into the Future

Under the main theme of “Designing Future Society for Our Lives”, the Japanese World exhibition will present the diversity of life, the existence of...

Yasunari Miyauchi, JETRO Budapest general director

Breakthrough in Bilateral Cooperation

Growing business exchanges between Serbia and Japan, particularly in the energy, IT and environmental sectors, present significant opportunities for cooperation and new investments Last year...

Goran Pekez, president of the Japanese Business Alliance in Serbia

Deepening Ties Between Our Two Countries

Serbia’s location, skilled workforce and “long-term friendly” status all serve to attract Japanese investment, while the finalising of agreements on mutual investment protection and...

Kathrine Decorzant, general manager, JTI Adriatica

Benchmark for Success

JTI represents one of the largest Japanese investments in Serbia and the country’s leading tobacco company, which has been recognised as a Top Employer...

Aleksandar Momčilović, sales and service manager at Daikin Serbia (Heating & Cooling expert)

Trust Built on Expertise

Daikin has introduced many global “firsts” and patented technologies that have become indispensable in modern air conditioners and heat pumps ~ says Diakin Serbia’s...

Oliver Lepori, executive director of the Japanese Business Alliance in Serbia

Serbia – Future SEE Strategic Hub

Japan’s primary motivating factor in investing in Serbia are the hot, high-potential sectors that strive to contribute to a brighter future for the region The...