October 19th

Prime Minister Aleksandar Vucic said today, after the signing of the Contract on building a production plant of company Leoni in Nis that this was a great day for this city since 2,500 people would soon get a job here. After the signing of the contract at the City Hall in Nis, Vucic expressed gratitude to the German government and company Leoni, and invited them to open more factories in our country. He said that the Serbian government has so far allocated €31 million for subsidies to company “Leoni”, noting that the operation of the plant, in addition to creating new jobs, will contribute to growth of the city budget of Nis budget through taxes and contributions. The Prime Minister recalled that there are around 29,000 unemployed in Nis and that the opening of the new factory will employ 10 percent of people who are out of work, which is very important. Vucic announced that the foundation stone for the construction of this plant will be set up in December, while the factory is scheduled to start operating in August next year. He pointed out that an agreement was made with “Leoni” that it would employ at least 2,200 people, but he believes that 2,500 people will be employed by the end of 2018.
The Contract on subsidies was signed by Minister of Economy Goran Knezevic and Director of Leoni Clemens Sachs. The signing ceremony was attended by German Ambassador to Serbia Axel Dittmann and Nis Mayor Darko Bulatovic. The contract was signed for the investment of “Leoni AG” in the construction of a new plant in Nis, worth €22 million.

The company “Leoni AG” is one of the global leaders in the production of cable installations for the automotive industry and in 2015 it employed more than 75,000 workers in 92 production plants. Leoni is headquartered in Nuremberg, Germany, and operates in more than 32 countries around the world. It recorded a turnover of €4.5 billion, with a profit of €77.3 million. This company has been operating in Serbia since 2009, and has plants in Prokuplje and Doljevac.

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