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(canplastics) -- Magna Seating, a unit of Canada-based
auto parts maker Magna International, will build a car seat cover factory in
northern Serbia, the country's investment promotion agency said.
The
34,400-square-foot plant will employ 132 people initially but this will increase
to 444 by 2015, Aleksandar Miloradovic, spokesman for Serbia Investment and
Export Promotion Agency, told the international media.
Plant
construction, to begin in the second quarter of 2012, is estimated to cost
USD3.75 million.
The plant will be located in Odzaci, 140km northwest of
Belgrade, where local authorities will provide a 6.6 acre plot as part of
efforts to attract foreign direct investments, Miloradovic said.
Magna
International is headquartered in Aurora, Ont. |
