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Automotive Components

Streit Jucit, France

 

ABOUT STREIT JUCIT

  • Streit Group is a first rank supplier of automotive components with a total of eight production facilities worldwide. Six of these in France, one in Slovakia and one in Serbia, in Nova Pazova Municipality.
  • Streit Jucit is a French originating venture and its presence in Serbia started in 2004.
  • The client's list includes multinational brands such as PSA Peugeot Citroen, Daimler Chrysler, Valeo, Honeywell, and others.
  • So far Streit Jucit has invested about €6,000,000 in Serbia. However, the company's largest investments in Serbia are still to come. The firm is planning a significant increase in its business activities in Serbia.

WHY SERBIA?

  • PSA Group recommended Serbia to Streit Group, as a result of their good relationship with local suppliers.
  • The low cost and highly efficient workforce was the strongest incentive for Streit Group to come to Serbia.
  • Significant experience of local workforce in the automotive industry.
  • The geographic proximity to France and the easy connection to almost all European sites was indeed a plus.

SERBIA - THE EXPERIENCE

  • The production facility of Streit in Serbia first started with 15 employees and, at the moment, the number is tenfold at150 workers.
  • Streit managed to reach profits of €15 million in just 3 years.
  • Streit Jucit is especially satisfied with the commitment of its employees and their capability to adopt new technologies.
  • Streit uses the latest technologies in its Serbian production site. The management is even planning a robot manipulation unit for the new line in the process of installation.

FUTURE PLANS

  • Opening a brand new robotic manufacturing unit in order to support its production efforts.
  • The management is extremely content with the local workforce and the quality of products from its Nova Pazova site. Therefore, Streit Group is aiming at increasing the number of employees up to 350 in the next year.
  • The company will fully implement ISO 9001 and ISO TS 16949 standards.

RECOMMENDATIONS

  • Serbia has an abundance of highly qualified workforce and its proximity to Europe opens endless possibilities for entrepreneurs and companies looking for high quality products and large profit margins.
  • The local workforce employed in the automotive industry is one of the best in the region with the highest experience in this field, making it an irreplaceable part of the company's success.
  • The supportive legal framework and the financial incentives offered by the Government through its specialized agencies can indeed provide the needed help during the first years of presence on the market.