Most German companies in Vojvodina operate in the automotive sector
Germany ranks first both in terms of the total amount of investments made by German companies and in terms of the number of people they employ in Vojvodina. Currently, 54 companies are active here, which have invested 1.48 billion euro, which is 14% of the total foreign investments in the Province. They employ 22,174 people, which is 23% of the total number of employees in all foreign companies in Vojvodina.
Most German companies in Vojvodina operate in the automotive sector. They include Bosch GmbH, IGB Automotive (parent company IG Bauerhin), DAD Dräxlmaier Automotive, Norma Group, ContiTech (Continental AG), ZF, BMTS, Knott Autoflex, SD Hirsch Automotive and others. In the agribusiness sector, we have Mamminger Konserven- SRB, Dr. Oetker, KWS Serbia, Sano (Bernhard Waldinger GmbH), followed by companies from the construction industry like Henkel, Thyssenkrupp, TCS, Geze; electronics industry Dunkermotoren, Mühlbauer, B + B Sensor Solutions (B + B Thermo-Technik GmbH), Continental Automotive, Siemens; ebm-Papst, IT companies Codecentric and Frobas, as well as Frezenius Medical Care (medical equipment) and Hemofarm (Stada), Linde Gas (Linden Aktiengesellschaft), textile company Mehler, etc.
#WHY IS GERMANY THE NO.1 INVESTOR IN VOJVODINA?
There are several important reasons for this: the optimal ratio between cost, productivity, and quality of the workforce, competitive operating expenses, favorable tax system, generous incentives, an ideal geographic location for JIT/JIS production and to cost-effectively distribute aftermarket products to the region, duty-free access to over 1 billion consumers. Vojvodina has the highest percentage of skilled and highly skilled labor in Serbia a multilingual education system, and Novi Sad is a specific center of university education, which has been established
as the center of the information technology industry.
#1 FAST DIAL – VOJVODINA DEVELOPMENT AGENCY – RAV
As a regional investment promotion agency, established by the Provincial Government, RAV provides a comprehensive package of advisory and assistance services to companies looking to establish their business in the region of Vojvodina. Due to its close association with various state and provincial government institutions and an extensive network of local partners from the private sector, academic institutions, and business associations – RAV represents trusted source for obtaining the most reliable information needed for making an informed investment decision.
#ANNOUNCEMENT OF RAV EVENTS IN 2021
If event-organizing will be allowed, we hope that our paths will cross at the following events:
TRADE FAIRS:
· VINITALY, Verona, 20-23 June 2021 five wineries and three distilleries from Vojvodina will come with us
· FRUIT LOGISTICA, Berlin, 18-20 May 2021
· EXPO REAL, Munich, 11-13 October 2021
· EXPO 2020, Dubai, 1 October 2021 – 31 March 2022
SUPPLIERS’ DAYS:
· Agribusiness 2021 (B2B meetings) – last week in March
If our paths do not cross at these events, call or write to us. We have all slowed down a bit in these difficult times, but we are still moving in the same direction. Good luck and keep the wind in your sails!
SASHA CIORINGA, General Manager of Continental Automotive Serbia: „I am very proud that excellent results of our Research & Development center in Novi Sad where currently about 600 engineers develop innovative technologies for the automotive industry, attracted new investments for Serbia. There is a real added value for the economy when the innovative work of our engineers transforms into a real product labeled “Made in Serbia“. With attractive projects in the fields of electronics for vehicle cockpits or systems for automated driving, our company has grown in Serbia to one of the country’s biggest engineering employers in only three years of existence”.
MR. MILAN GRUJIC, Managing Director ZF Serbia, Second Vice President of AHK Board: “Innovative future vision and ambitious expansion plans made ZF the biggest Greenfield and one of the most important investments in Serbia. ZF understood how the investment climate in Serbia is developing and changing for the better: the economic and political situation is stable, infrastructure adequate and there is good potential for a qualified workforce. One crucial factor is constant and professional institutional support and unconditional understanding for investors, and it is available from local, provincial, and country’s government. With all that in mind, ZF made a bold move to come to Pancevo, and it was the right one. When we look back on 3 years and progress of local operation here and 800 active employees, we can be satisfied that we recognized and chased this opportunity”.