The investment, valued at over €50 million, was completed within 12 months, Mali said, adding that the plan is to employ a further 200 workers in the factory next year, following specialised training in high technologies.
He emphasised that this is JFE Shoji’s first investment in Europe and noted that the decision to invest in Serbia is a clear indication that the country is keeping pace with global trends.
Japanese Ambassador to Serbia Akira Imamura expressed confidence that the new factory will contribute to the further economic development of Serbia, noting that this investment is the result of a favourable business environment.
JFE Shoji plays a significant role in the production of steel products, including for the automotive industry, he explained and expressed satisfaction that the plant in Inđija will also produce electric vehicle motors.
The opening was also attended by Outgoing Minister of Economy Adrijana Mesarović, President of the Provincial Government Maja Gojković and President of the Municipality of Inđija Marko Gašić.
Founded in 1954, JFE Shoji employs over 8,500 people worldwide and operates in the steel industry. The Inđija plant is its first manufacturing facility in Europe.