Multinational and high-tech company Jaga based in Belgium, a world-renowned manufacturer of air conditioners, will open a production facility and a research and development center in the MIND Industrial park in Kragujevac, announced today Marko Čadež, the President of the Chamber of Commerce and Industry of Serbia (CCIS).
This company is one of the most innovative in its field, it operates in 35 countries and will employ our engineers in the scientific research center in Kragujevac. In Serbia, we aim to create a hub for Belgian and other companies. Following Jaga and thanks to the cooperation of CCIS and the East West Valley investment group, we are expecting other investors soon, and some have already announced their arrival, Čadež emphasized.
"Our Belgian friends decided to come to the MIND park in Kragujevac, one of the most modern in Europe, which shows that Serbia is an excellent investment destination and that it offers everything that top companies need, bringing the most modern technologies and knowledge," said the president of CCIS.
Bratislav Milanović, founder and director of the MIND Group, thanked the representatives of the East West Valley Group for choosing MIND Park for their project. Opened in 2018, Mind Group, Siemens Mobility, Avnet, Skoda transportation, IME Autolift, HADLER Serbia, CAF, STEFTRANS, Selvadia and Nelt are already operating in this technology park.
Herbert Huben, the president of the East West Valley company, pointed out that MIND Park and Kragujevac have all the infrastructure and educational centers important for the realization of this company's plans in Serbia. The is investment worth 35 million euros, said Huben and the plan is to build large plants and gradually expand capacity.
East West Valley CEO Bart Kanini said that the focus of this investment group is on small and medium enterprises as well as nearshoring. "This is the beginning of successful cooperation, and we expect new companies in Serbia very soon," Kanini concluded.