The Mayor of Novi Sad, Miloš Vučević, met today with the representatives of the German company "Continental" in Novi Sad, who informed him about the progress of the opening of a new factory for the production of automotive electronics in the Work Zone North 4, but also that they plan to build another factory in the Work Zone Kać, where they bought plots with a total area of ​​31ha. These are two investments with a total value of 140 million euros, in which 500 new jobs will be created to begin with.

- This is another great news for Novi Sad, and the whole of Serbia. Not only are new investors coming to us, but also those who are present in our market are expanding their production capacities and continuing investments. It is a confirmation of how economically strong our country is, even in this difficult period that the whole world is facing due to the global pandemic. We are partners and friends with "Continental".  Few years ago, when they made the decision to open a Research and Development Center in Novi Sad, that made a big leap forward for our economy and introduced us to a higher league of investments and investors, I was then sure that it would not stop there - Mayor Miloš Vučević said.

In the first phase of the new investment, "Continental" will lease 8000 square meters of production and office space in the Work Zone North 4, and in the second phase a completely new industrial complex will be built in the Work Zone Kać, while the foundation stone and the beginning of construction is planned for this summer, so that this year "Continental" will start the construction of two factories in Novi Sad.

- I am extremely proud that the excellent results of the Research and Development Center in Novi Sad have attracted this great investment for Serbia. This is a real added value for the economy when the innovative work of our engineers turns into a real product with the label "Made in Serbia" - stressed the General Manager of the "Continental Automotive Serbia" Sasha Cioringa.

The "Continental Automotive Serbia" factory manager Lucian Margineanu, confirmed that they have found exceptional support from local and state institutions so far. He pointed out that the highly educated colleagues who joined them fulfilled all their expectations, and that one such team will continue to contribute to the development of the business environment in the territory of Novi Sad and its surroundings.

- The IT industry in Serbia and Novi Sad is one of the best parts of our economy. There is a great struggle for young talents all over the world, and Novi Sad has them because it has a strong University as a nursery. We are doing everything to keep them here, but also to improve the general economic climate, strengthen all branches of the economy and thus provide a higher standard for all citizens - Lucian Margineanu concluded.

The Continental Research and Development Center in Novi Sad currently employs 600 engineers in the development of the most innovative technologies for the automotive industry.