# Brose breaks ground on EUR 120 million factory complex in Pancevo, Serbia

Brose held a groundbreaking ceremony on March 6, 2020 for its first Serbian plant in Pancevo, which will make electric motors and electronics for cooling fan modules. The company approved EUR 120 million of investment and plans up to 1,100 new jobs, with mass production targeted by summer 2021.

- Type: New facility
- Announced: 2020-03-06
- Where: Pancevo, Serbia
- Value: $132.0M (120.0M EUR)
- Jobs: 1,100
- Status: under construction
- Capacity: Around 200 million electric motors a year at group level; site about 220,000 sq ft
- Products: electric motors, electronics for cooling fan modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Brose](https://endata.com/companies/379.md)

## Sources

- [diplomacyandcommerce.rs](https://www.diplomacyandcommerce.rs/brose-has-a-groundbreaking-ceremony-for-a-factory-complex-in-serbia/), 2020-03-09: "The company's Managing Board has already approved € 120 million-worth of investments in the new Brose factory complex."

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