# CTP starts construction of BMTS Technology turbine factory in Novi Sad, Serbia

CTP has officially started construction of a 24,350 sqm turbine factory for turbocharger producer BMTS Technology in Novi Sad, Serbia. CTP will invest over EUR 15 million in the building and land, while machinery fit-out will cost around EUR 35 million. Production is expected to start in April 2020.

- Type: New facility
- Announced: 2019-11-28
- Where: Novi Sad, Serbia, Serbia
- Value: $16.5M (15.0M EUR)
- Starts operating: Apr 2020
- Status: under construction
- Products: turbochargers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CTP Limited](https://endata.com/companies/9113.md)
- [BMTS Technology](https://endata.com/companies/35684.md) (customer)

## Sources

- [eurobuildcee.com](https://eurobuildcee.com/en/news/28913-ctp-building-turbine-factory), 2019-11-28: "The 24,350 sqm factory is to start production in April 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.