Republike Srpske 20, Loznica

The lighthouse of the Belt and Road in Serbia

– The opening ceremony of the Serbia factory of Minth Group and the groundbreaking of the new factory in Sabac

March 10th, 11 a.m. in Loznica, Minth Group held a grand opening ceremony to celebrate the completion of the construction and initial of production of the factory of Minth Automotive Loznica, concurrently with the groundbreaking for new factories in Sabac.

The President of the Republic of Serbia, Aleksandar Vucic, the head of the Embassy of the People’s Republic of China in Serbia, Tian Yishu, the Minister of Economy of Serbia, Atanaskovic, the top management of BMW, Renault, Toyota, Tesla, the Chairperson of Minth Group, Ms. Wei Ching lien and other senior representatives were invited to attend the ceremony. During the ceremony, the senior management of Minth Group had a full exchange with the clients, the President and the Serbian government, hoping that Minth Group’s investment in Serbia would be like a “lighthouse” guiding and pulling the rapid development of the automotive industry chain in Serbia and even in the Balkan region, creating a new era of automotive industry development based on Serbia and radiating to Europe.

Established in 1992 then listed on the Hong Kong Stock Exchange market on 1 December 2005 (stock code: 0425), Minth Group is now one of the top 100 global auto parts companies, with production plants and R&D centers across Asia, Europe and North America. In 2018, Minth Group set foot on Serbian land for the first time in line with the Belt and Road Initiative, and has since started a new chapter.

At present, Minth Group has five factories in Serbia, with a total investment of over 500 million Euros, which are expected to provide nearly 3,000 jobs when they are all completed and put into operation. Extraordinary company drive amazing city, amazing city drive prosperous country. Minth group has always been committed to establishing a benchmark for overseas Chinese enterprises with positive influence in Serbia.

At the opening ceremony, Ms. Wei Ching lien, Chairperson of Minth Group, extended a warm welcome to Mr. President, the leaders of the Chinese and Serbian governments, the management of distinguished customers and suppliers and other guests, expressing her gratitude for Minth Group decision to invest in Serbia, the strong support from the central government of Serbia and the municipality of Loznica, and the trust of all customers and supply chain partners in Minth Group.

Tian Yishu, counselor of the EMBASSY OF CHINA IN THE REPUBLIC OF SERBIA counselor congratulated the opening of the factory and said: “This is another new achievement of Chinese enterprises’ investment in Serbia, which fully reflects the firm will of China and Serbia to promote friendship and cooperation, and I believe it will contribute to boosting local employment and the overall economic development of Serbia. China highly appreciates the active participation of the Serbian side in building the “One Belt, One Road” and China-Central and Eastern European countries cooperation, and is willing to continue to encourage more Chinese enterprises to invest in Serbia on the principle of mutual benefit and win-win situation, so as to continuously enhance the welfare of the two peoples.

In conclusion, President Vucic of the Republic of Serbia said: Once Loznica was facing a long period of local business closures, a large number of unemployed workers and a bleak economic recovery, but now the arrival of Chinese partners will not only create a large number of local jobs, but also bring a vision of a better life, for which I would like to express gratitude to President Xi Jinping and all Chinese partners who have long been committed to promoting friendship between Serbia and China. The current international situation is difficult and complex, but I will not hesitate to talk about the deep friendship between Serbia and China, no matter who I face, and please believe that Serbia will always be a trusted friend of China.