TBEA

China’s TBEA eyes Serbia manufacturing base for European transformer supply chains

Serbia is positioning itself as a potential manufacturing hub for China's power equipment sector, as TBEA, a prominent Chinese industrial group, has expressed interest in establishing transformer production facilities in the country. This initiative aims to cater primarily to European markets. Recent discussions between Serbian government representatives and TBEA officials in Tianjin have progressed from initial talks to detailed industrial planning regarding the establishment of a transformer manufacturing plant in Serbia. These negotiations encompass technology transfer, the development of local…