Amphenol Automotive Technology opens location in Serbia

The total price-tag for this new manufacturing facility has not been disclosed, but the Serbian government did provide the company with a EUR 4.6 million subsidy for the facility, according to a press release from the Serbian Government. The focus of the plant will be the manufacturing of cables for the automotive industry, and according to a Reuters report the company has already hired 130 people but has plans to increase the workforce to 1’000 over the next three years, the report continues.