Brose has laid the foundation stone for a new development and production location in Serbia.

Beginning in summer 2021, the supplier will launch series production of drives and electronics for cooling fans at the 220,000 square metre site in Pancevo near Belgrade.

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"The Brose Group supplies the automotive industry with around 200m electric motors and drives each year. We are responding to the rising international demand for our products by expanding our global development and production network, thereby sharpening our competitive edge," said operations chief Thomas Spangler.

Pancevo is the company's first location in Serbia and the ninth electric drives factory worldwide.

The automotive supplier is also establishing a development centre and electronics manufacturing factory there. 

Approximately 60,000 square metres of space for development and administration will be created during the first stage of construction in Pancevo.

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The project is scheduled for completion next spring.

Shareholders have already approved EUR120m of investment in the new location. The company is competing for orders for electric motors and drives as well as electronics products in order to generate turnover of around EUR440m in Serbia by 2025.

It will also create up to 1,100 jobs in development, sales, purchasing and production in the process.

Brose decided to build in Serbia and Pancevo following a Europe-wide location analysis. The city is known for its high potential for attracting qualified specialists. Nearby Belgrade is home to several renowned universities. Software and hardware developers in particular, along with systems and project engineers will be in demand at the new location – as well as managers and production, logistics, controlling and HR support employees.