CMS Belgrade advises former Bosch Group and Mahle Group joint venture BMTS Technology on the opening of a new manufacturing plant in Serbia
CMS Belgrade has provided comprehensive legal support to BMTS Technology, one of the leading global manufacturers of exhaust turbochargers for the automotive industry, in starting their business operations in Serbia.
Construction of BMTS Technology’s new manufacturing plant started in the second half of last year. The plant is located in Novi Sad and occupies around 24,000 square meters. Production is planned to start in summer 2020, with a capacity of around 2 million exhaust gas turbochargers. Investment in the project is estimated at nearly 50 million euros.
“We are happy to support yet another significant German/Chinese direct investment into Serbia. This assignment confirms our strong capabilities and expertise in assisting foreign investors from different industries,” said Managing Partner Radivoje Petrikić.