German exhaust systems manufacturer Boysen opens a factory in the City of Subotica. Around €65 million investment and 500 jobs by 2024.
Photo: Cabinet of the President of the RoS/Gol
BAS Boysen Abgassysteme today inaugurates the Grand opening of the production facility in Subotica, within the Industrial Zone Mali Bajmok.
The state-of-art plant of 38.000 m2 Boysen will produce exhaust systems for commercial vehicles and cars for Mercedes-Benz. The company intends to employ 500 people by 2024 and to invest into the factory €65 million.
The ceremony was attended by the President of the Republic of Serbia, Aleksandar Vučić, along with the representatives of the Boysen Group, H.E. Ambassador of Germany to Serbia, Thomas Schieb, and representatives of the Regional Government and City officials.
President Vučić stated how proud he is to see this state-of-art, completely automated production implemented in Serbia, and expressed gratitude to the investors for choosing Serbia as an investment destination.
The president of the Boysen Group Rolf Dieter Geisel said that the factory in Subotica is the largest production plant of the group realized abroad. As he mentions at the opening, it is expected to have a turnover of almost 100 million euros in the next year, and in 2023 a €160 million turnover annually.
"As we have the high technological standard plans for the production plant in Subotica, we need a highly qualified workforce. The proximity of technical schools and the largest technical University in the country, which is in Novi Sad, the location of Subotica completely meets this need. Besides that, there are numerous advantages of the City of Subotica such as high life quality and the best infrastructure. Based on that, we can attract and keep new employees. In short, in Subotica, the Boysen Group found its dream location, and all of you contributed to making this dream come true," said Geisel.
The German-based Boysen Group employs 5,300 people in 25 locations worldwide, and according to the company will have a turnover of €2.6 billion this year.