Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Magna Seating to Open 5.6 Million-Euro Plant in Northern Serbia

Magna Seating, a unit of Magna International Inc., Canada’s biggest auto-parts supplier, plans to open a factory producing car-seat covers in northern Serbia, the country’s investment promotion agency said.

The 3,200 square-meter (34,400 square feet) plant will employ 132 people initially, which will increase to 444 by 2015, Aleksandar Miloradovic, a spokesman for Serbia Investment and Export Promotion Agency said in a phone interview.

The plant’s construction may begin in the second quarter and it is estimated to cost around 2.86 million euros ($3.75 million), while the total investment is seen at 5.64 million euros, he said.

It will be located in Odzaci, 140 kilometers (90 miles) northwest of Belgrade, where local authorities will provide a 2.68-hectare (6.6-acre) lot to Magna, as part of efforts to attract foreign direct investments, Miloradovic said. The investor may also receive government incentives that range from 4,000 euros to 10,000 euros per job created, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.