BELGRADE (Serbia) – Dutch electronic goods maker Cooperatief IMI Europe plans to open a 30 million euro ($33.9 million) plant in the the Serbian city of Nis, the country’s economy ministry said on Friday.
Construction works on the plant will start at the beginning of next year, the ministry said after signing a Memorandum of Understanding with the company’s executives. The investor plans to employ 1,250 in the next 10 years.
Cooperatief IMI Europe is part of Philippines-based Integrated Micro-Electronics Inc (IMI), which is a leading world supplier of electronics manufacturing services for a number of industries.
It has sales offices and research units in Europe, Asia and North America as well as 13 manufacturing sites in six countries.
The European unit, founded in Bulgaria in 1997, has shown the growth potential of the region, mostly in the automotive sector. Therefore, the investor has decided to open a new production facility in South East Europe, choosing Nis as a destination, the economy ministry noted.