# Novares expands factory in Zrenjanin, Serbia

French automotive components group Novares is expanding its factory in the Zrenjanin Free Zone, Serbia, with a EUR 6 million investment. It will build a new 3,200-square-metre production facility and invest in equipment, creating 25 initial jobs with a target of 280 workers by 2020.

- Type: Expansion
- Announced: 2018-06-14
- Where: Zrenjanin Free Zone, Serbia
- Value: $7.00M (6.00M EUR)
- Jobs: 25
- Starts operating: 2019
- Status: announced
- Capacity: 3,200 square metres
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Novares](https://endata.com/companies/26886.md)

## Sources

- [serbianmonitor.com](https://www.serbianmonitor.com/en/frances-novares-expands-its-factory-in-zrenjanin/), 2018-06-14: "As soon as next year, Novares will realize an investment of over EUR 6 million."

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