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

Sabic: Rapid demand growth led to Ultem shortage

December 18, 2014 12:06 pm ET

Sabic Innovative Plastics has been increasing production capacity for its Ultem polyetherimide but it still got caught short by increasing demand for ...    More

Auto supplier M-Tek relocating headquarters

December 18, 2014 3:37 pm ET

M-Tek Inc., a subsidiary of Japanese automotive supplier Kasai Kogyo Co. Ltd., will build a new North American corporate headquarters in Murfreesboro,...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

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

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 in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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