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MINTH Automotive Europe plant will be laid in Loznica, western Serbia

Christian Fernsby |
A MINTH Automotive Europe plant for which a cornerstone will be laid in Loznica, western Serbia, on Tuesday will start producing auto parts as early as October.

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MINTH Automotive Europe Director Ching Li Wong said production would kick off in October despite the fact the 60,000 sq m plant was not due to be completed before February next year.

Speaking to Tanjug, Ching said MINTH Europe was a part of the MINTH Group, which supplies 80 pct of the world's carmakers.

The factory will be a 100 million euro investment and it will hire 1,000 workers, he said.

MINTH exports its products to Australia, Europe, North America, Japan and Southeast Asia and its customers have an 80-plus pct share of the global market.

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