# 14. Oktobar factory in Kruševac receives €24 million investment for expansion

The 14. Oktobar factory in Kruševac, Serbia, announced a €24 million investment to construct new facilities and acquire equipment to boost production capacity. The factory, part of Czechoslovak Group, produces metal components and large-calibre ammunition.

- Type: Investment
- Announced: 2024-11-19
- Where: Kruševac, Serbia, Serbia
- Value: $26.0M (24.0M EUR)
- Jobs: 50
- Status: announced
- Products: metal components, large-calibre ammunition
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [14. Oktobar](https://endata.com/companies/81152.md)
- [Czechoslovak Group](https://endata.com/companies/81153.md) (investor)

## Sources

- [cordmagazine.com](https://cordmagazine.com/business/business-news/24-million-euros-investment-announced-for-14-oktobar-factory-in-krusevac/), 2024-11-19: "This investment signifies a significant stride in the factory's modernisation and growth."

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