# PALFINGER to build EUR 35.5M component plant in Niš

PALFINGER AG is investing EUR 35.5 million in a new component plant in Niš, Serbia, creating 375 jobs. Production is set to start in 2024, with full completion by 2027.

- Type: New facility
- Announced: 2023-05-16
- Where: Niš, Serbia, Serbia
- Value: $38.5M (35.5M EUR)
- Jobs: 375
- Starts operating: 2024
- Status: announced
- Products: steel and sub-components for loader cranes and access platforms
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Palfinger](https://endata.com/companies/17648.md)

## Sources

- [app-support.palfinger.com](https://app-support.palfinger.com/worldwide/en/insights-news-and-events/news/2023/palfinger--new-production-site-in-ni.html), 2023-05-16: "PALFINGER is investing EUR 35,5 million (more than four billion dinars) in a new component plant in Niš."
- [see-industry.com](https://www.see-industry.com/en/palfinger-invests-in-new-location-in-serbia/2/2157/), 2023-06-27: "With the new plant in Nis, we are expanding our capacities and ensuring optimum utilization of all our other production sites in Europe."

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