January 4 (SeeNews) - Chinese car parts manufacturer Minth plans to complete in April the construction of its 50 million euro ($56.5 million) factory in Serbia's Sabac where it also intends to build a second production plant, Sabac mayor Aleksandar Pajic said on Tuesday.
"The factory will be ready in April, production will start in a trial mode, and this is the largest investment in Sabac in the last 20 years," Pajic said in a video file posted on the website of news agency Tanjug.
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Minth will open 170 jobs at the factory, Pajic said, adding that Minth has acquired a land plot of 10 hectares in the city's northwestern industrial zone, where it will build another factory.
The Chinese company acquired the land for the construction of its first factory in Sabac in May 2021. Back then, the company said it plans to expand the production facility in the city within two years after its launch.
Minth already operates a factory in Loznica, in western Serbia.
($ = 0.8841 euro)