Magneti Marelli and the Government of the Serb Republic signed an agreement today in Belgrade for the opening of a new industrial site in the Kragujevac area.
The understanding was signed by Eugenio Razelli, C.E.O. for Magneti Marelli Spa., by Mladan Dinkic, Vice Prime Minister and Minister of Serbia’s Economy and Regional Development and by Veroljub Stevanovic, the top representative of the Municipality of Kragujevac.
Based on this agreement, the Government of the Serb Republic will make available to Magneti Marelli incentives and tax facilitation measures aimed at the installation of industrial activities, along with a plot of land on which to build the new plant intended for the production of automotive components.
The production plant will be located about four kilometres away from the Fiat Auto Serbia plant in Kragujevac, and will cover a surface area of approximately five hectares, of which 14 thousand square meters will be covered. Of these, seven thousand will be used to manufacture exhaust systems, and another seven thousand for suspensions (front cross-members, rear axles and control arms); the remaining eight thousand square meters of building land will be available for future developments.
At the same time, an area of 36 thousand square meters inside an existing building of the Fiat Auto Serbia (FAS) plant will be set aside for Magneti Marelli. Plastic components, specifically front and rear bumpers, door panels and dashboards, will be produced in this area.
When operating at full speed, these installations will employ approximately 400 workers. The facility will be built in anticipation of an increase in the demand for components for up to 300 thousand vehicles per year.
The main goal of the Magneti Marelli plant in Serbia is to supply the local market with components such as suspensions, exhaust systems and mechanical control systems, mainly aimed at the operations of Fiat Auto Serbia (FAS).