Opening ceremony in Serbia for Fiat's most advanced car plant
Mirko Cvetkovic, Prime Minister of the Republic of Serbia, together
with Sergio Marchionne, CEO of Fiat SpA, today inaugurated the new
Fiat car production facility in Kragujevac.
More than 150 guests from the political and business arenas attended
the ceremony together with workers.
In welcoming the Prime Minister, Fiat CEO Sergio Marchionne paid
tribute to Serbia's significant program of modernization which has
created "a dynamic environment that is attractive to foreign
investors. It is a great privilege for Fiat to be able to participate
in the country's future growth".
This opening represents the conclusion of three years of extensive and
comprehensive work at the 1.4 million square meter site, which
included improvements to the surrounding infrastructure, new roofing
for the plant, new production shops, land remediation and the
installation of world class machinery and production systems. A total
of approximately €1 billion has been invested at the site.
The Kragujevac plant will produce the new Fiat 500L, which had its
world premiere at the Geneva Motor Show this March. The 500L will be
exported to markets in Europe and around the world with commercial
launch planned for the last quarter of 2012.
By the end of 2012, some 2,400 people will be employed at the plant
plus a further 1,000 with suppliers at the nearby supplier park. Once
fully operational, the plant will have a production capacity of up to
200,000 cars per annum.