# Leoni to build EUR 60 million cable plant in Kraljevo, Serbia

German company Leoni will start building a cable plant in Kraljevo, Serbia, in July or August 2018, investing over EUR 60 million. The facility will produce cables for Mercedes and employ 4,000 to 5,000 workers.

- Type: New facility
- Announced: 2018-02-14
- Where: Kraljevo, Serbia
- Value: $74.0M (60.0M EUR)
- Jobs: 4,500
- Starts operating: Q4 2019
- Status: announced
- Capacity: 45,000 square meters
- Products: cables for Mercedes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Leoni](https://endata.com/companies/23490.md)

## Sources

- [ekapija.com](https://www.ekapija.com/en/news/2033409/mercedes-cables-to-be-produced-in-kraljevo-leoni-to-start-building-eur), 2018-02-18: "The plan is for the construction of the facility to be completed in late 2019 or early 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.