Kyungshin Cable factory in Smederevska Palanka near completion

South Korean company Kyungshin Cable is constructing a factory in Smederevska Palanka, Serbia, to produce electrical components for cars. The factory is close to completion, with production expected to start in late February or early March 2021, ahead of the original August 2021 deadline. Investment is EUR 25 million, and the plant will employ 700 people initially, rising to 1,000 at full capacity.

“The South Korean company Kyungshin Cable is to start operating in Smederevska Palanka, producing electrical components for cars, before the planned deadline.”ekapija.com

• 1 source
• ekapija.comeKapija | Construction of Kyungshin Cable Factory in Smederevska Palanka Close to Completion – Production to Start in Late February or Early MarchSep 23, 2020

Summarized from public sources; check the original articles before acting on it.