Serbia to give 7 million euros to Chinese company Fine Stamping for factory in Apatin

The Serbian Ministry of Economy has agreed to a subsidy of 7 million euros to the Chinese company Fine Stamping for the development of a factory for electric motor parts in Apatin, business portal SeeNews reported, stating that the subsidy agreement was signed on December 12 last year.

According to the agreement, Fine Stamping will invest 47.1 million euros and employ around 150 permanent workers by the end of 2028. The subsidy, which makes up approximately 15% of the total investment, will be paid in four annual tranches during 2026-2029, and the company applied for this state incentive in June 2024, the Bulgarian portal reports, referring to the agreement it states was published by the Ministry.

Fine Stamping has been operating in Serbia since 2024 through its Belgrade subsidiary Finestamping Technology, the company’s first foreign unit. The Apatin factory opened in November 2025 and will produce motor cores for electric cars.

Ministarstvo privrede Republike Srbije

FINESTAMPING TECHNOLOGY CO. DOO BEOGRAD

Fine Stamping

Ministry of Economy of Serbia

subsidies

agreement

factory of motor cores for electric cars in Apatin