# Minth Automotive Europe receives €23.5M subsidy for expansion in Loznica, Serbia

Minth Automotive Europe secured a €23.5 million state subsidy to expand its auto parts manufacturing factory in Loznica, Serbia. The company committed to investing at least €183.6 million and hiring 700 new workers by the end of 2024.

- Type: Expansion
- Announced: 2024-03-22
- Where: Loznica, Serbia, Serbia
- Value: $199.0M (183.6M EUR)
- Jobs: 700
- Starts operating: 2024
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Minth Automotive Europe](https://endata.com/companies/38511.md)
- [Minth Group](https://endata.com/companies/44714.md) (investor)

## Sources

- [serbia-business.eu](https://serbia-business.eu/serbia-business-recent-manufacturing-chinese-company-factory-loznica/), 2024-05-22: "Minth Automotive Europe, based in Loznica, Serbia, has received a substantial state subsidy of 23.5 million euros to expand its production capabilities."

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