Chinese Fine Stamping opens production facility in Apatin – Final investment value to exceed EUR 50 million

The Chinese company Fine Stamping, which manufactures parts for electric car engines, has opened a production facility in Apatin, where it will employ 150 workers, as announced.

According to the investor, the total investment value, upon completion of the investment cycle, will exceed EUR 50 million.

The President of the Provincial Government, Maja Gojkovic, assessed that not only a new factory was opening in Apatin, but also the door to the future in which electric mobility, innovation and sustainable energy would be the foundation of development.

– This project has multifold significance for Apatin and the whole of Serbia. It brings new jobs, opens opportunities for the transfer of knowledge and technology and confirms that our province is an economically and investment-reliable region. Apatin, along with Kragujevac and Novi Sad, will become one of the centers of the automotive industry in Serbia. It goes without saying that our country is one of the centers of production of electric motors and electric vehicles, which not only improves the domestic industry, but also further positions Serbia on the world market as a favorable and desirable destination for investment – emphasized Gojkovic.

Director of Zhenyu Group Ning Jiang emphasized that the opening of the factory was an example of successful cooperation between the two countries and thanked the Government of Serbia for its support in the implementation of the investment.

The parent company of this Chinese company, Ningbo Zhenyu Technology, was founded in 1994 with headquarters in the city of Ningbo. It is listed on the Shenzhen Stock Exchange and is a world-class manufacturer specializing in three fields - precision tools, laminate cores and structural battery components.

FINESTAMPING TECHNOLOGY CO. DOO BEOGRAD

Vlada AP Vojvodina

Ningbo Zhenyu Technology

Zhenyu Group

Fine Stamping Apatin

Ning Jang

Maja Gojković