# Continental completes first phase of second Novi Sad plant

Continental Automotive Serbia held a ceremony for the completion of the first phase of its second factory in Novi Sad, Serbia. The company will invest around €140 million in both its first and second factories in the city, with the second plant expected to start production in September 2022 and employ 500 people.

- Type: Expansion
- Announced: 2021-11-10
- Where: Novi Sad, Serbia, Serbia
- Value: $162.0M (140.0M EUR)
- Jobs: 500
- Starts operating: Sep 2022
- Status: under construction
- Products: advanced electronic systems for automotive industry
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Continental](https://endata.com/companies/925.md)

## Sources

- [ras.gov.rs](https://ras.gov.rs/en/the-second-continental-plant-in-novi-sad-to-be-one-of-the-companys-largest-factories), 2021-11-10: "This factory is perhaps a key milestone in the development of Serbia, its contribution to GDP will be the largest."
- [ras.gov.rs](https://www.ras.gov.rs/en/the-second-continental-plant-in-novi-sad-to-be-one-of-the-companys-largest-factories), 2021-11-10: "This factory is perhaps a key milestone in the development of Serbia, its contribution to GDP will be the largest."

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