Grundfos Making Massive Investments in Serbia

12.09.2008

Danish Grundfos, the world’s largest pump manufacturer, is investing heavily in Serbia. The investments amount to 75 or 80m Euro in the coming years with Grundfos establishing a new factory close to Belgrade.

Grundfos Making Massive Investments in Serbia

Knud Krægpøth (Second from left) during one of the meetings he had with the Serbian authorities.

We are experiencing extensive growth in Central and Eastern Europe and this is the reason why we are now establishing another factory. Serbia is interesting as it has a good location in relation to our growth markets, including Russia, and in addition the country is going through a positive political and economic development. Serious talks are being made regarding the country’s candidature for membership of the European Union already in 2009, said Knud Krægpøth, Senior Vice President responsible for international production in the Grundfos Group.

Grundfos purchased 15 hectares of land in the town of Indjija 42 kilometres north of Belgrade. On this site the establishment of a new factory to house 350 or 500 production staff will start in 2009. The location of the factory will be logistically central, close to the E75 motorway leading directly to Hungary.

Last week Mr Krægpøth had several meetings with the Serbian local as well as national authorities, who were all very enthusiastic about the agreement. Among others, on Friday he met President, Boris Tadic, who was very pleased with Grundfos’ establishment in the country.

The agreement attracted great attention from the Serbian authorities as well as the Serbian media, as Grundfos is one of the first companies from the West investing so heavily in the country.

More articles on this topic

ITT Names Fernando Roland President of Industrial Process Business

03.08.2023 -

ITT Inc. announced the appointment of Fernando Roland as president of its Industrial Process (IP) business, reporting to Chief Executive Officer Luca Savi. Roland succeeds David Steblein, who retired earlier this year after more than 30 years with the company. IP, one of ITT’s three segments, is a global leader in centrifugal and twin-screw pumps for chemical, energy, mining and industrial markets.

Read more