A new 18,500 sqm production facility for one of the world’s leading automotive interiors supplier, Yanfeng Automotive Interiors (YFAI) was officially inaugurated in a formal ribbon-cutting ceremony at CTPark Kragujevac.
Taking part in the ceremony were key partners and supporters of the project including H.E. Mrs. Chen Bo, the Chinese Ambassadress to Serbia, Radomir Nikolić, the Mayor of the City of Kragujevac, and Aleksandar Vučić, the President of the Republic of Serbia.
“CTP is pleased to open this new facility with YFAI, our long-term client and we are happy with our regional cooperation which enabled us to find the right location that fits their business need and construct this building for them here in Serbia”, stated Remon Vos, CTP CEO. “We have invested approximately €20 million and have land available for their further expansion. Kragujevac is a strategically located city and offers highly skilled labour, due to the city’s technical university, and long tradition in engineering,” commented Vos.
CTPark Kragujevac is located just north of the city on the main north-south artery connecting Serbia to Northern Europe. It is part of the four other CTP projects underway in the county, in which CTP plans to invest over €100 million by 2020 to create a portfolio of 200,000 sqm by that time. In Serbia, currently, CTP has four parks, with five projects underway and more in the pipeline. CTP’s has two major logistics parks underway just outside of the capital Belgrade, as well as a third park outside of the university city of Novi Sad.
“CTP is proud to take part in the positive, long-term development of the city and pleased with the support of the local authorities which enabled us to construct the facility on time for our valued client, Yanfeng, whose new facility, constructed to high standards and BREEAM specifications, will add value to this community for many years to come,” commented Vlatko Djuricek, CTP Country Head of Serbia.
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