Germany's MTU Aero Engines to manufacture airplane parts in Serbia
The memorandum was signed by German Ambassador Thomas Schieb and Serbian Minister of Economy Goran Knezevic, in the presence of President Aleksandar Vucic and MTU Executive Board member Michael Schreyogg. The contract will be signed in June, Vucic has announced.
The German avionics engineering giant has been operating for 85 years and has around 10,000 employees around the world.
As the president announced, the factory will employ 450 people in the first phase.
MTU develops, produces and provides service support for military and civilian aircraft. MTU Aero Engines was formerly known as MTU Munchen.
The company is known for manufacturing 14 types of engines used in civilian, and 9 in military aircraft. In addition to the Munich plant, it also has factories in the US, Canada, Poland, and China. ■