Mei Ta buying additional 17 hectares for second Baric factory – Investment worth EUR 60 million

The Chinese-French company Mei Ta, which is raising a car and engine component factory in Baric, will buy another parcel of 17 hectares in order to raise another factory in the second stage of the project, stated the mayor of Belgrade, Sinisa Mali, today.

– The bank guarantee confirming the purchase of the parcel was acquired today – Mali said to the press during his tour of the construction site.

Mei Ta has already bought a parcel of 17 hectares, so there will be a total of 34 hectares for the two factories. The Government of Serbia has reached the decision to sell another parcel of 17 hectares in the Baric Industrial Zone.

Sinisa Mali emphasized that the Chinese had thus confirmed that the second stage of the project would be implemented and that a total of 1,400 people would be employed (770 in the first stage). He added that the second stage would follow the first one immediately.

– The investment is worth a total of EUR 60 million and the test run will start in late January 2017, and the factory will start operating at full capacity in March and April – Mali said.

The deadline for the construction of the first factory is July 2017, and the works started this April.

Sinisa Mali said that everything produced would be exported and that the factory was a true example of how to draw investors and employ new people.

– Mei Ta is the crown of our efforts to recover Obrenovac following the 2014 floods, an example to serve as a model for other parts of the city, since there’s free land in Lazarevac, Mladenovac and Surcin and another part of the Palilula Free Zone – Mali said.

The mayor said that the factory would be the first production facility raised in Belgrade in the previous 11 years and added that the Technical School of Obrenovac would be able to send its students to practice, a true example of dual education in Serbia.

The new factory will produce engine blocks and mountings, turbochargers and other components for Renault, Ford, BMW and Daimler.

An investment of around EUR 40 million for the foundry and machine processing facility is planned for the first stage, until late 2018, whereas an investment of EUR 20 million for the expansion of the current facility and for a distribution center for the markets of Europe and North America is planned for the second stage, until late 2022.

The Memorandum of Understanding on the Mei Ta Group’s investment in the construction of the Obrenovac facility was signed in November 2014 at the Government of Serbia.

MEI TA Europe Obrenovac

Mei Ta

Sinisa Mali

turbocharger factory Baric

car component factory