Hong Kong's Johnson Electric expanding to Serbia

Jaroslaw Adamowski
EUROPEAN PLASTICS NEWS

Published: March 5, 2014 11:23 am ET
Updated: March 5, 2014 11:26 am ET

Related to this story

Topics Automotive Europe China
Companies & Associations

Hong Kong's Johnson Electric Holdings Ltd. will launch a new production facility in Nis, Serbia in 2014, Serbian First Deputy Prime Minister Aleksandar Vučić said in a statement.

The company will produce plastic and metal components for major automotive manufacturers, including BMW, Volvo, and Jaguar.

Johnson Electric will create 250 jobs at the Serbian facility this year, and a total of 1,050 jobs by July 2016. Construction work in Nis was started in October 2013. The plant will have a production area of close to 10,000 square meters, the statement said.

Austin Wong, vice president of Johnson Electric for Europe, said the plant will start production in the fall.

The Serbian government contributed 9 million euros ($12.3 million) to the investment through the state-run Serbia Agency for Investment and Export Promotion (SIEPA), the statement said.

The project is the most significant investment in this part of Serbia in the last 15 years, Vučić said.


Comments

Hong Kong's Johnson Electric expanding to Serbia

Jaroslaw Adamowski
EUROPEAN PLASTICS NEWS

Published: March 5, 2014 11:23 am ET
Updated: March 5, 2014 11:26 am ET

Post Your Comments


Back to story


More stories

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

German auto supplier opening first US plant

April 17, 2015 11:00 am ET

Automotive supplier EuWe Eugen Wexler U.S. Plastics Inc. is investing $11.1 million to open a manufacturing facility in Anderson County, S.C., the...    More

Image

Zoltek expanding CF capacity in Europe

April 17, 2015 10:12 am ET

Leading carbon fiber group Zoltek Corp. has signed a strategic agreement with the Hungarian government to expand its operation in northern Hungary,...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Hanwha Azdel adds capacity in Lynchburg

April 16, 2015 2:01 pm ET

Composite maker Hanwha Azdel Inc. will add space and a new production line at its Lynchburg, Va., production facility, the company announced April 16.    More

Market Reports

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events