The biggest Japanese investment in Serbia: Construction of Toyo Tires plant has begun

BizLife 16.12.2020  |  BIZLife
The biggest Japanese investment in Serbia: Construction of Toyo Tires plant has begun

The foundation stone for the construction of the Japanese tire production plant Toyo Tires has been laid down in Indjija today and the investment is worth EUR 382 million.

The plan is for the construction of the plant to be finished by April 2022 and it will employ 560 workers. The ceremony of laying the foundation stone was also attended by the Serbian President Aleksandar Vucic, who said that it was the biggest Japanese investment in Serbia and that the negotiations had lasted for around three and a half years. “In May 2017 we commenced negotiations, 3 and a half years these discussions and negotiations have been going on, so that

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