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2 clusters · 5 sources · 1 days · First seen · Last updated

Automotive industry shifts in Zrenjanin, Serbia

Overview

The industrial landscape in Zrenjanin, Serbia, is undergoing significant changes within the automotive sector.

Chinese-based PPM Group announced plans to expand its European production capacity by opening a new 10,000 square meter facility in the region. The company intends to begin the first phase of production in April 2027, with a second phase following in November 2027. The plant will focus on manufacturing high-precision automotive components, including parts for drivetrain, braking, and electric drive systems.

Simultaneously, German manufacturer Drekslmajer announced it will close its Zrenjanin factory by the end of March 2027. The company cited a decline in production volume within the European automotive industry and a lack of new orders as the reasons for the closure. This decision is expected to affect approximately 1,000 workers, with a gradual reduction in production occurring through January 2027.

Entities

Zrenjanin · PPM Group · China · Tobias Afsali · Drekslmajer

Timeline

  1. [BUSINESS] 2 sources
    Drekslmajer to close Zrenjanin factory, affecting 1,000 workers

    German company Drekslmajer will close its Zrenjanin factory by March 2027 due to a lack of new projects and a decline in European automotive production, impacting approximately 1,000 workers.

  2. [BUSINESS] 3 sources
    PPM Group to open new factory in Zrenjanin, Serbia

    PPM Group, a Chinese automotive component manufacturer, will open a new production facility in Zrenjanin, Serbia, starting in April 2027.

Sources

n1info.rs · novaekonomija.rs · serbiantimes.info · vojvodjanskireporter.rs · zrenjaninski.com