Streit Nova to open car parts plant in Stara Pazova by year's end - Investment worth nearly EUR 4.4 million

France's Streit Nova is going to open a facility for producing spare parts for French vehicles in Stara Pazova at the end of this year, Stara Pazova Mayor Djordje Radinovic announced in an interview with the magazine Magazin Biznis.

This plant, which is under construction on a three-hectare land, will be exporting 100 percent of its products.

According to a report of the Serbian Investment and Export Promotion Agency (SIEPA), this company signed an agreement in April 2013 to get employment incentives for 60 workers in the amount of EUR 7,000 per workers, which is EUR 420,000 in total. This report says that Streit Nova's investment in Stara Pazova is valued at EUR 4.388 million.