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The Government of the Republic of Serbia

In the service of citizens

New factories opened in Ada, Senta

Ada, 30 September 2014

Prime Minister Aleksandar Vucic, Speaker of the Vojvodina Assembly Istvan Pastor and Ambassador of Israel to Serbia Josef Levi opened today in Ada a new production plant of the foundry Livnica Preciznih Odlivaka that will produce parts for jet engines.

Author: Tanjug

Vucic said on that occasion that Serbia is open for cooperation in other projects and privatisations too, and expressed gratitude to the representatives of Israel for their interest in the privatisation of Serbian companies.

He said that this company will increase production and profits, and voiced hope that there will not be only 63 employees or 100, as planned, but that the company will employ 200 workers from Ada and the surrounding area.

Pastor said that he believes in the potential of Serbia and Vojvodina, and the potential of Ada.

Ambassador Levi referred to the friendship and relations between the two countries and peoples, adding that the people, their education and commitment to work are the engine of development.

We believe in the spirit and the future of Serbia, Levi said and announced that this great partnership will continue, given that the factory in Ada is an example of what can be achieved in a joint partnership between Serbia and Israel.

The Israeli company Bet Shemesh Engines bought in 2003 the old factory of Livnica Preciznih Odlivaka in Ada, which has since increased its sales tenfold.

This company decided to build a completely new plant for the production of parts for jet engines for the foreign market.

Parts are made for the companies Airbus, Bombardier, as well as for the aircraft brand Falcon, and the entire output is intended for export, especially to Germany, the United States and the Netherlands.

More than 60 workers are employed in both factories, 20 of whom in the new plant, and for the next year the employment of 30 more people is planned.

Author: Tanjug

Vucic also opened today the production plants of the company Rasco-Tamp in Senta and on this occasion told investors from Croatia that the Serbian government will try to provide them with good business conditions, which would hopefully lead to the employment of a large number of our citizens.

He also told the investors that they can count on exports to the EU, as well as to the Russian Federation, Kazakhstan and Belarus, but also to Turkey, with which Serbia has signed free trade agreements.

Pastor said that the opening of this facility in Senta is a message to investors from Croatia, as well as to all others, that they should consider Vojvodina and Serbia as a potential investment area.

President of the Administration of Rasco-Tamp Frane Francevic expressed his gratitude for the assistance that has been provided to the company in the implementation of this investment, and pointed out that the plant was built only 14 months after the decision on construction had been made.

Francevic said that in the first phase of investment more than €2 million was invested and 50 workers employed, and stated that the goal is to enrol Serbia on the map of the major manufacturers of professional road service and maintenance technology.