Kyungshin Cable

Kyungshin Cable has completed a 20,000-square-meter factory in Smederevska Palanka, Serbia, with an investment of about 40 million euros. The plant will employ up to 1,000 workers and produce components for electric cars.

South Korean company Kyungshin Cable is constructing a factory in Smederevska Palanka, Serbia, to produce electrical components for cars. The factory is close to completion, with production expected to start in late February or early March 2021, ahead of the original August 2021 deadline. Investment is EUR 25 million, and the plant will employ 700 people initially, rising to 1,000 at full capacity.