# Jiangsu Lianbo opens first European factory in Novi Sad, Serbia

Jiangsu Lianbo Precision Technology celebrated the grand opening of its first factory outside China in the Kać industrial zone of Novi Sad, Serbia, with an investment of over €57.4 million and plans to employ 500 workers by 2026.

- Type: New facility
- Announced: 2024-04-25
- Where: Kać industrial zone, Novi Sad, Serbia
- Value: $62.0M (57.4M EUR)
- Jobs: 500
- Starts operating: 25 Apr 2024
- Status: completed
- Capacity: 14,000 square meters
- Products: metal parts for automotive engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Jiangsu Lianbo Precision Technology](https://endata.com/companies/77033.md)

## Sources

- [ras.gov.rs](https://www.ras.gov.rs/en/first-lianbo-precision-technology-factory-in-europe), 2024-04-25: "We had the opportunity to establish a manufacturing base in Europe, and after careful consideration, we decided to come to friendly Serbia."

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