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Electronics Production |
Continental expands with new facility in Serbia
German auto parts maker Continental has started the construction of a new – EUR 17 million – production facility in Subotica, Serbia.
The new plant – which will manufacture parts for the automotive industry – will create about 500 new jobs, the Serbian government said in a press release.
The press release says that the new production plant – which should be completed by the end of the year – will significantly increase the company's production since it will be 1.5 times bigger than the company's current one.