# 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.

- Type: New facility
- Announced: 2020-09-23
- Where: Smederevska Palanka, Serbia
- Value: $29.5M (25.0M EUR)
- Jobs: 700
- Starts operating: Mar 2021
- Status: under construction
- Products: electrical components for cars
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kyungshin Cable](https://endata.com/companies/50099.md)

## Sources

- [ekapija.com](https://www.ekapija.com/en/news/3017121/construction-of-kyungshin-cable-factory-in-smederevska-palanka-close-to-completion-production), 2020-09-23: "The South Korean company Kyungshin Cable is to start operating in Smederevska Palanka, producing electrical components for cars, before the planned deadline."
- [archive.cij.world](https://archive.cij.world/kyungshin-cable-factory-in-smedervska-planka-serbia-completed/), 2020-11-05: "The factory of the South Korean company Kyungshin Cable in Smederevska Palanka has been completed, machines will be brought in and installed in the plant, which will employ up to a thousand workers from March."

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