Minth Automotive Europe opens a new factory in Loznica (Serbia). The company invests around in the €100 million two-phase project in Serbia and currently employs 516 in the facility in Loznica.

Photo: Tanjug/Dragan Kujundžić

Vehicle component manufacturer Minth Automotive celebrates the start of production in the facility in Loznica.

This is one of the largest investments in Serbia and the largest investment in Loznica, which will produce components for battery housings for electric vehicles, as well as decorative aluminum elements for car bodies.

The opening ceremony was attended by the Executive Director and the Chairperson of the Company Wei Ching Lein, President of the Republic of Serbia Aleksandar Vučić, Minister of Economy Anđelka Atanasković, the Major of Loznica Miljan Petrović, and Tian Yishu Charge d'Affaires at the Chinese Embassy.

Representatives of the Minth company underlined that investing in Serbia was the right choice, as they already have two factories in Šabac and Loznica, and an additional one is under construction also in Šabac.

Minth has factories in more than 30 locations worldwide including in China, Mexico, and Thailand, and exports its products across the world.

 Photo: Tanjug/Dragan Kujundžić