Vučić at the opening of the German PWO factory in Čačak: "Investment of 89 million euros, 800 jobs" VIDEO

"It's a huge thing for Čačak. This factory wouldn't exist if it wasn't for the highway. It's a big thing for this city and for the whole of Serbia. The total investment is 89 million euros, we have helped significantly with our subsidies. With that, we help the employment of people. In 2012, 28,000 people were employed, although at that time we had 10,000 more people living in Čačak. Now, we have 10,000 more people who are employed. This is what makes you work every day," said Vučić.

He reminded that the negotiations started in 2022, so that the goals would be achieved today.

"There will be around 500, and in the later phase up to 800 jobs. And when a German family company comes, they are here to stay forever, especially with such good technology," said Vučić.

The president pointed out that thanks to the highway, the travel time from Belgrade to Čačak was shortened to one hour and 10 minutes.

"We have to do some other infrastructural things around water, increasing electricity, 4-5 megawatts," said Vučić.

Company PWO

RINA

The PWO company is a leader in the production of parts for world brands in the automotive industry.

It is one of the largest investments in central Serbia, which brings top German technology to Čačak and opens the door to as many as 800 new jobs.

PWO is a global leader in the production of parts and systems for the most famous automotive brands.

The new factory covers an area of ​​17,000 square meters, and already in the first phase, which will be completed by the end of the summer, 200 workers will be employed. More than 80 percent of the employees will be highly educated experts, thanks to the cooperation with the Faculty of Technical Sciences in Čačak and other educational institutions.

The start of production is expected at the end of 2025, as well as the creation of more than 500 new jobs.