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ContiTech Fluid to receive grant for construction of factory in Subotica

02. December 2011. | 09:50

Source: Emg.rs

Minister of Economy and Regional Development Nebojsa Ciric and representatives of German company ContiTech Fluid will sign an agreement on the allocation of a grant for the construction of a new factory in the industrial zone Mali Bajmok on 2 December at 12.30 in the City Hall, Trg Slobode 1, Subotica.

Minister of Economy and Regional Development Nebojsa Ciric and representatives of German company ContiTech Fluid will sign an agreement on the allocation of a grant for the construction of a new factory in the industrial zone Mali Bajmok on 2 December at 12.30 in the City Hall, Trg Slobode 1, Subotica.

Statements for the press are scheduled for 13.00.

This company received €1 million through the Programme for allocation of grants for encouraging investments of the Ministry of Economy and Regional Development, administered by SIEPA, or €4,000 per new employee for hiring 250 workers and building a new plant in Subotica.

The total investment of this company is €10,070,000, and the new plant will produce systems for conducting various fluids in automotive industry.

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