Sitemap

JTI Invests 51 Million Dollars In Production In Senta

CorD Recommends

Over 150 Companies Attend French-Western Balkans Forum in Belgrade

Yesterday in Belgrade, the French-Serbian Chamber of...

German Companies Seek Suppliers from the Western Balkans

In Munich, 99 suppliers from the Western...

Belgrade Hotel Union Sold for €6.2 Million

Hotel Union, a historic landmark in Belgrade, has been sold for 727 million dinars (€6.2 million) at a public...

Thousands of Tons of Frozen Water Found on Mars’ Volcano Summit

In a groundbreaking study published in the journal "Nature Geoscience," American scientists have revealed the presence of thousands of...

More People Opting Out of News Consumption Due to Content

The latest research shows that an increasing number of people are avoiding following the news, describing it as depressing,...

French Firms Suez and Vinci to Oversee Wastewater Treatment in Belgrade

The Serbian government has enlisted French companies Suez International SAS and Vinci Construction Grands Projets for the design, construction,...

EU Ambassadors Reach Agreement to Open Accession Talks with Ukraine and Moldova

EU ambassadors have reached a preliminary agreement to open accession talks with Ukraine and Moldova, according to an announcement...

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

Serbia Celebrates Africa Day with Grand Ceremony at Palace of Serbia

In a grand ceremony at the Palace of Serbia, the nation marked Africa Day, celebrating the rich and enduring bonds between Serbia and the...

Imperial Instagram Debut as Japanese Monarchy Embraces Social Media

In a digital rite of passage, the Japanese Imperial Family has gracefully navigated its way into the realm of social media, unveiling an Instagram...

Comment

Balancing Progress and EU Alignment

Serbia’s digital transformation, which has been spearheaded by Ana Brnabić, has achieved remarkable progress, but still requires swift harmonisation with EU regulations to ensure...

Successful Japanese Culinary Workshop Held in Belgrade

The Japanese Embassy, in collaboration with Go Sushi Ušće, hosted a Japanese food workshop in Belgrade, attracting culinary enthusiasts keen on mastering the art...

Japan’s Generous Health Sector Aid to Serbia Strengthens Bonds

In a display of enduring friendship and solidarity, the Japanese Embassy in Serbia, led by Ambassador Akira Imamura, has announced a significant donation to...

Nestlé Unveils Plant-Based Meal Factory in Surčin, Serbia, with a €80 Million Investment

Nestlé has taken a significant step towards expanding its sustainable food production footprint by inaugurating a new €80 million plant-based meal factory in Surčin,...

Japanese Embassy Hosts Ceremonial Reception for Emperor Naruhito’s Birthday

The Embassy of Japan in Belgrade held a ceremonial reception to celebrate the birthday of the Emperor of Japan, Naruhito, at the Metropol Hotel...

National Day of Japan marked in Belgrade

The Embassy of Japan in Belgrade held a ceremonial reception to celebrate the birthday of the Emperor of Japan, Naruhito, at the Metropol Hotel...