Grundfos to Open New Factory in Serbia to Meet Rising Demand
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Grundfos A/S, the world’s biggest maker of circulator pumps, will open a new factory in Serbia in the first quarter of 2013 to meet rising demand for its products in central and southeastern Europe.
Construction at the site northwest of the capital Belgrade will start on Feb. 3 and take one year to complete at the cost of some 50 million euros ($68 million), along with preparations to have more components produced and assembled locally, General Manager Jim Toft Nielsen said.