Vučić: "The second Continental factory's contribution to GDP will be the largest"

Vučić: "The second Continental factory's contribution to GDP will be the largest"

Upon arrival at the factory, he held a meeting with representatives of the company Continental Automotive Serbia. "This factory is perhaps a key milestone in the development of Serbia, its contribution to GDP will be the largest. This will be the largest and most important factory, it will be the largest exporter, it will be completed in a year. This is the biggest so far from Continental, they will participate over 2 percent in our GDP, that is the greatest importance for our country", said Vučić and added that more than 600 jobs will be created in the factory.

After that, he announced another investment of this company in Nis.

According to him, the Continental can bring us "half of the GDP of some of the surrounding countries".

Vučić said in Novi Sad that this second Continental factory will start working in September 2022, but that it will take them several years to reach full production capacity. He added that a lot of our engineers who will have high salaries will work there. As a reminder, the works on the second factory started in June this year, and the facility is planned to be completed by September 2022. The new factory building will have more than 30.000 square meters of production and office space and will be one of the largest Continental factories in the world.

In March this year, this company opened the first production plant in the Industrial Zone Novi Sad North 4, where the production of advanced and complex electronic systems for the automotive industry has already begun. The total value of Continental's investments in both factories will amount to 140 million euros. Both plants will employ at least 500 workers, and the first factory, opened at the beginning of the year, now employs 150 people.

Continental Automotive Serbia has been operating in Novi Sad for more than three years, when it first formed a research and development center with about 700 engineers, including a large number of graduate students from the University of Novi Sad. The center is developing solutions for passenger cars and commercial vehicles for Continental's Vehicle networking and information division. This includes products such as instrument panels, radars, cameras, control units for remote monitoring of vehicle position and parameters, vehicle access systems using smartphones, mobile applications, and the main product is a system designed for highly autonomous driving.

The Continental was founded in 1871, and today operates in 59 countries and employs more than 240.000 people in its factories, development centers and branches.