Minister of Economy and Regional Development Nebojsa Ciric opened in the Belgrade neighbourhood of Zeleznik the first factory of company WEG in the region for the production of LCD/LED TVs and air conditioners.

Ciric pointed out that more than €6 million has been invested in this factory, and added that in the first phase 150 workers will be employed, while with the increase in production volume around 500 new jobs are expected to be opened.

The Minister said that the Development Fund approved to WEG company a RSD 80 million loan, and that 35 people are employed for now who work on the installation of modern LCD/ LED TVs.

WEG’s factory in Zeleznik consists of a part for the production of LCD/LED TVs and the latest generation of air conditioners and a part for the production of plastics, with a capacity of more than a million units a year, the Minister explained.

He pointed out that there is a great interest on the part of chain stores in the
distribution of this factory’s products, noting that the opening of manufacturing plants is the right way to combat the crisis and unemployment.

Since September 2011 the company WEG has carried out staff training, equipment testing and test production at the facility in Zeleznik.

In addition to the production of WEG brand devices, the factory will also make devices at the request of the client.

WEG products are already sold in Bosnia-Herzegovina, Croatia, Montenegro, Macedonia and Albania, and the opening of the factory in Zeleznik will boost exports from the region to the EU countries.