The Japanese are buying land: Nidec will start production in Novi Sad in 2022

Photo: Tanjug/Jaroslav Pap

At a meeting scheduled for Monday, the Assembly of Novi Sad will vote on the sale of about 21.2 hectares of city land in the North 4 Zone to the company CTP Invest from Belgrade, which will build a plant for the Japanese Nidec.

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Representatives of this Japanese company visited Novi Sad in February, when the delegation was led by second man of the giant, Kintaro Izumida. After the meeting, the mayor pointed out that the investment would be "heavy," worth around 2 billion dollars.

A letter sent to the city authorities by Nidec and CTP on March 15 revealed plans to, in the first phase, build a factory for the needs of the automobile industry that will cover 26,000 square meters and employ about 300 people. Production would start by the end of 2022.

Also, this company plans to start producing "electric motors intended to improve comfort and car steering by 2026 to serve further phases of investment.

This factory should be equipped with "hi-end technologies and machines" and will not use harmful materials. Production requires hiring a high percentage of educated workforce.

(Telegraf Biznis/Dnevnik/nsuzivo)