Construction of new plant begins in Vrsac
Serbia's Deputy Prime Minister Aleksandar Vucic and German Ambassador to Serbia Heinz Wilhelm were in Vrsac, northeast Serbia on Friday to mark the start of the construction of a new factory there, owned by Fresenius Medical Care.
The investment stands at over EUR 16 million and the project will create 429 jobs, bringing up the total number of Fresenius Medical Care employees in Serbia to 843.
Long-term plans for the plant involve a total of 1,150 employees.
The factory will open in November 2014, according to an announcement.
Serbia wants German investments, wants to be a part of the EU together with Germany and is willing to meet high standards to get there, Vucic remarked.
Fresenius Medical Care is one of the largest German companies, which will exceed EUR 30 million in export this year, Vucic pointed out, adding that the company protected Serbia in the best way possible, and that the government would support the company's investment in any way possible.
The fact that Fresenius Medical Care is opening a new production facility is a testament to the faith investors have in Serbia as a target country and an indication that Serbia has achieved great progress in EU integration, Wilhelm stated.
Serbia will start the accession talks with the EU by January at the latest, he believes.
Fresenius Medical Care is the world's largest integrated manufacturer and supplier of products and services related to hemodialysis. It has been present in Serbia since 1982, with more than EUR 40 million invested in its business in the country so far.