# Minth plans €300M investment in four factories in Šabac, Serbia

Minth United Alloy-Teck Europe plans to invest over €300 million in four factories in Šabac, Serbia, producing aluminum battery housings for electric vehicles and other automotive components. The first factory started mass production in late 2022, and the second phase will add €67 million investment, with total employment expected to exceed 1,500 workers.

- Type: Investment
- Announced: 2023-02-13
- Where: Šabac, Serbia
- Value: $320.0M (300.0M EUR)
- Jobs: 1,500
- Status: announced
- Products: aluminum battery housings for electric vehicles, aluminum processing, automotive metal parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Minth United Alloy-Teck Europe](https://endata.com/companies/68511.md)
- [Minal Europe Green Material](https://endata.com/companies/68512.md) (partner)
- [Minth Metal Parts Balkan](https://endata.com/companies/68513.md) (partner)

## Sources

- [ekapija.com](https://www.ekapija.com/me/news/4025474/investicije-minth-united-alloy-teck-europe-u-sjeverozapadnoj-industrijskoj-zoni-u-sapcu), 2023-02-13: "Minth će u Sjeverozapadnu industrijsku zonu investirati 300 mil EUR za svoje proizvodne pogone."

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