ZF opens €100m factory in Serbia
German car parts manufacturer ZF Friedrichshafen opened a factory in Pancevo, near Belgrade. The company will employ more than 300 new people at its new factory, an investment worth €100m. ZF is already planning to expand the property to include a 5,000 sqm science and research center. “ZF will provide the most modern production that will enable the production of parts for the best cars, as well as the establishment of a development science center that will ensure that professional personnel stay in the country and participate in development,” said Serbian President Aleksandar Vucic at the official opening of the factory.