Deputy Prime Minister for Economy and Regional Development Verica Kalanovic will sign with South Korea's Yura an agreement to build a new factory in Leskovac, the company’s fourth plant in Serbia, on 7 July, at 12.30, in the City Hall of Leskovac, Pana Djukica 9-11.

After successful construction projects in Raca and Nis, Yura is interested in expanding their production in Serbia to keep track with the development of its key customers – KIA and Hyundai.

The company plans to invest €13 million in Leskovac and to employ 1,500 workers.

The corporation is divided into three divisions: Yura Harness (cable installation), Yura Eltec (cables and components installation), Yura Tech (spark plugs and coils). The largest of these, Yura Harness, has factories in Serbia.