factory construction

Construction of SHAC’s first European factory to begin in Novi Sad

The Chinese company SHAC (Shanghai Huizhong Automotive Manufacturing) is set to begin the construction of its first European factory in Novi Sad, Serbia, with an investment of around EUR 40 million. The factory will focus on the production of chassis. In the first phase of development, the factory is expected to employ 200 workers, with 50% of them being highly educated and 20% having medium-level education. Novi Sad’s mayor, Žarko Mićin, highlighted the significance of this investment, noting that it…