CTP Invest builds factory for Chinese company YFAI – EUR 20 million invested in the project

(CTPark Kragujevac) Today the new 18,500 m2 production facility of the world’s leading automotive interiors supplier Yanfeng Automotive Interiors (YFAI) was officially inaugurated in a formal ribbon-cutting ceremony at the newly completed facility in CTPark Kragujevac.

– CTP is pleased to open this new facility with YFAI, our long-term client and we are happy with our regional cooperation which enabled us to find the right location that fit their business need and construct this building for them here in Serbia. We have invested approximately EUR 20 million and have land available for their further expansion. Kragujevac is a strategically located city and offers highly skilled labour, due to the city’s technical university, and long tradition in engineering – stated Remon Vos, CTP CEO.

CTPark Kragujevac is located just north of the city on the main North/South artery connecting Serbia to Northern Europe. It is part of the four other CTP projects underway in the county, in which CTP plans to invest over EUR 100 million by 2020 to create a portfolio of 200,000 m2 by that time. In Serbia, currently CTP has four parks, with five projects under way and more in the pipeline. CTP’s has two major logistics parks underway just outside of the capital Belgrade, as well as a third park outside of the university city of Novi Sad.

(CTPark Kragujevac) – The professionalism and intensive collaboration between all partners, CTP, the City of Kragujevac the authorities of the Republic of Serbia allowed us to meet the very ambitious timeline of this project – said Michael Schachler, Project Manager of Yanfeng Automotive Interiors.

– CTP is proud to take part in the positive, long-term development of the city and pleased with the support of the local authorities which enabled us to construct the facility on time for our valued client, Yanfeng, whose new facility, constructed to high standards and BREEAM specifications, will add value to this community for many years to come – commented Vlatko Djuricek, CTP Country Head of Serbia.

Taking part in the ceremony were key partners and supporters of the project including H.E. Mrs. Chen Bo, the Chinese Ambassadress to Serbia, Radomir Nikolić, the Mayor of the City of Kragujevac, and Aleksandar Vučić, the President of the Republic of Serbia.

CTP invest d.o.o. Beograd

Yanfeng International Automotive Technology Serbia d.o.o. Kragujevac

Ambasada NR Kine Beograd

Grad Kragujevac

CTP

CTP Invest

Yanfeng Automotive Interiors

YFAI

CTPark Kragujevac

Embassy of China in Serbia

City of Kragujevac

Remon Vos

Michael Schachler

Vlatko Đuriček

Chen Bo

Radomir Nikolić

Aleksandar Vučić

opening of YFAI factory

automotive interiors factory