Magneti Marelli builds Serbian auto parts plant

Richard Higgs

Published: September 25, 2012 6:00 am ET

Related to this story

Topics Automotive

MILAN, ITALY (Sept. 20 12:45 p.m. ET) — Italian auto supplier Magneti Marelli SpA is investing 60 million euros ($77.6 million) to establish a new production plant in Serbia.

The firm, part of the Fiat Group, intends to manufacture car parts for 200,000 vehicles a year at the new facility planned for the Serbian city of Kragujevac, southeast of Belgrade.

Magneti Marelli signed an agreement with the Serbian government and local authority earlier this year for the new plant. The contract stipulates that the company should include lines for plastic parts production.

Under the agreement, Serbia is to ensure the new factory is built in an industrial free zone and will provide financing of 10 million euros, as well as investment incentives 800 euros for every new employee. The Kragujevac city authority committed to provide the venture with local tax incentives and provide the site with the necessary infrastructure.

In April, Fiat opened what is the largest auto manufacturing plant in southeastern Europe, on the site of the former national Zastava car assembly plant in Kragujevac.

Magneti Marelli subsidiaries manufacture a wide range of auto components including powertrain, electronic, exhaust and suspension systems. It produces plastic components and modules including vehicle dashboards, central consoles, bumpers and fuel supply systems. It is also involved in the development and production of exterior vehicle lighting products.

The firm has 83 production facilities and a dozen R&D centers. It is present in 18 countries in Europe, Asia and North and Latin America supplying many of the major vehicle manufacturers.

Fiat Automobiles Serbia (FAS) expects to employ around 2,400 at the Serbian production site by the end of the year.


Comments

Magneti Marelli builds Serbian auto parts plant

Richard Higgs

Published: September 25, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Fiat Chrysler drops Chrysler Group name in favor of FCA US

December 16, 2014 9:05 am ET

Chrysler is Chrysler no more. Fiat Chrysler Automobiles, the Netherlands-based parent company of what was Chrysler Group LLC, said today that it has...    More

Izo-Blok opens Polish car part plant

December 15, 2014 9:16 am ET

Poland's plastic car parts maker Izo-Blok has launched its new production facility in Chorzˇw, in Poland's southern region of Silesia.    More

Image

Automotive supplier IAC expands in Alabama

December 12, 2014 12:34 pm ET

Automotive giant International Automotive Components has expanded its Alabama operations with a new 126,000-square-foot facility located adjacent to...    More

Image

Suppliers hit back against automakers' cost-cut demands

December 12, 2014 11:22 am ET

Relations between automakers and suppliers are deteriorating largely because of intensifying cost-cutting demands, according to a report. Vehicle...    More

Image

Lacks Enterprises names new president

December 11, 2014 12:39 pm ET

Tier 1 automotive supplier Lacks Enterprises Inc. has named Nick Hrnyak as its new president.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events