Automotive body parts manufacturer Minth Automotive Europe plans to invest EUR 100 million in the construction of an automotive parts factory in Loznica, Serbia, where it will produce roof base carriers, vehicle covers, aluminium door frames and car batteries. Minth Automotive Europe has signed an agreement with Serbian Economy Minister Goran Knezevic that will employ around 1,000 people.
Apart from the Economy Minister, the director of Cheerplan HK Limited, Chin Yong Huon, the director of Minth Automotive, Ching Li Wong, and the mayor of Loznica, Vidoje Petrovic co-signed the agreement.
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Minth Automotive Europe is a part of Minth Group, one of the leading global suppliers of auto parts for passenger vehicles. The Group mainly exports to Australia, Europe, North America, Japan, and Southeast Asia.
“This is a historic event for Loznica, the arrival of such a company with a programme that will be realised with us is more than good news. It is a powerful car industry company with the ability to expand its business, and which intends to include local firms as subcontractors," Vidoje Petrovic said.
Minth Group Ltd. engages in the design, manufacture and sales of trims, decorative structural body and other related auto parts. The Group has established over 30 production facilities in the Eastern, Southern, Northern, and Central Regions of China. Minth’s production facilities have introduced many advanced production lines and the processes include extrusion, co-extrusion, stamping, injection, surface treatment, plating, chroming, anodizing and more.
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