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The Government of the Republic of Serbia

In the service of citizens

"IGB Automotive Comp" opens new production plant in Indjija

Indjija, 24 January 2017

Prime Minister Aleksandar Vucic attended today in Indjija the opening of a new production plant of company “IGB Automotive Comp”, which is worth €4.5 million and will employ 600 new workers.

Addressing the factory’s employees, Vucic said that this is the 59th factory or production plant that he has opened, and stated that the Serbian government is there to help workers and citizens.

He called on German investors to invest even more in our country and reiterated that they will not be able to find anywhere such good business conditions as in Serbia, educated workforce and a guarantee of full safety of their investments.

The Prime Minister underlined that foreign investors will get a better offer for doing business by at least five percent than in other countries.

Vucic said that the new production plant of the German factory has been built in eight months and that 600 workers have been employed, although the contract stipulated the employment of 500 workers. The Serbian government set aside €1.4 million to that purpose.

The first tranche of €560,000 has been paid and there are no delays in payment.

This is important for attracting investors because they can always count on full security when entering into a contract.

The Prime Minister voiced hope that by the end of the year this factory will have hired 1,500 workers, including engineers, and that it will raise salaries and bonuses.

Vucic said that peace and stability are the most important, and added that at the World Economic Forum in Davos he saw that many things are changing, some for the better and some for the worse, that no one knows what will happen in 2017, that the region is sensitive and therefore peace is the most important.

“IGB Automotive Comp” specialises in the production of heaters for cars, and the construction of the plant that has been opened today started on 27 April last year.

The new production plant spans 7,800 square metres and is located in the northeastern industrial zone of Indjija, next to the already existing factory of “IGB Automotive Comp”. It will introduce new products and apply new technology.

The company in Indjija has been doing business since 2007 and it has more than 2,200 employees, and it has announced new jobs.

"IGB Automotive Comp" is among companies with the highest number of employees, of whom more than 90% are women.

The opening of the new plant was also attended by President of the Vojvodina government Igor Mirovic, German Ambassador to Serbia Axel Dittmann, Chief Manager of “IGB Automotive Comp” Dalibor Beric and President of the Indjija municipality Vladimir Gak.