South Korean company Kyungshin Cables to start building a factory in Smederevska Palanka in April – Jobs for 1,000 workers

This April, in Smederevska Palanka, the South Korean company Kyungshin Cables will start building a factory for the production of electronic components for the automotive industry, which will employ 1,000 workers, announced the president of the municipality, Nikola Vucen.

The company's delegation confirmed at the meeting that it would invest EUR 24 million in the facility and employ 1,000 workers, it is reported on the municipality's website.

The factory will be built in the industrial zone in Guberas, Smederevska Palanka.

Let us remind that the construction of the factory was announced in November 2019.

Opština Smederevska Palanka

Kyungshin Cables

Nikola Vučen

electronic components for the automotive industry

factory

construction of a factory

production of electronic components for the automotive industry

Guberas industrial zone

employment