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

Huntingdon Fiberglass launching second line

April 16, 2014 2:18 pm ET

Huntingdon Fiberglass Products LLC is getting set to start up a second production line later this year and hire 15-20 new employees as it sees demand ...    More

Mexico reports rising auto production

April 14, 2014 1:18 pm ET

MEXICO CITY — Mexico’s automotive industry assembled an unprecedented 774,731 light vehicles in the first quarter, 6.5 percent up on the...    More

Image

Lanxess launches new compounding plant in Brazil aimed at auto market

April 11, 2014 12:32 pm ET

Lanxess AG has officially opened its auto-oriented thermoplastics compounding plant in Porto Feliz, Brazil.    More

Image

BASF's new products for Chinaplas will focus on R&D for the region

April 10, 2014 3:14 pm ET

The plastics industry in China is growing at a faster rate than its gross domestic product, and BASF SE officials believe there is growing consumer...    More

China becomes the world's biggest PU product maker

April 10, 2014 1:27 pm ET

The China Polyurethane Industry Association (CPUIA) said in March that the country has become the world's biggest PU product maker.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events