NORMA Group invests in new production site in Serbia
Maintal, August 31 2010
NORMA Group, a leading manufacturer and distributor of innovative engineered joining technologies, expands its global footprint and invests in a new manufacturing facility in Serbia.
NORMA Group´s new production site is located in the area of Subotica in the northern part of Serbia and will be opened in June 2011. The production will focus on high-tech solutions for fluid transport and emission control applications targeting customers throughout the European region.
“Subotica is a strategic location for NORMA Group, and our local and regional partners made it a convincing choice”, says Werner Deggim, CEO of NORMA Group. “Our investment in Serbia furthermore reflects a strongly increasing demand for NORMA Group´s innovative solutions in engineered joining technologies and distribution services.”
The new manufacturing facility will be located in the Subotica free trade zone with an approximate size of 12,400m² with room for expansion. NORMA Group expects to employ 350 people by the end of 2013. NORMA Serbia will service industrial markets in Eastern Europe and further expand NORMA Group´s distribution activities to Turkey and neighbouring growth regions.
“Production capacities are expected to increase significantly once we have commenced our operations in Subotica. The facility is expected to be at full operating capacity by 2015”, says John Stephenson, COO of NORMA Group. “Our decision to invest in Serbia will benefit both the region of Subotica and our European customers to meet their high and increasing demand.”