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Automotive Components

TPV SUMADIJA, SLOVENIA

 

ABOUT TPV SUMADIJA

  • TPV is a leading manufacturer of parts and components for Renault, BMW, Bosch, Cimos, and other renowned international car manufacturers. The company is located in the heart of Serbia - in Kragujevac Municipality.
  • TPV Sumadija is a Slovenian originating venture present in Serbia since 2005.
  • So far TPV Sumadija's mother company from Slovenia has invested €4 million in production halls, equipment and know-how transfer.

WHY SERBIA?

  • Excellent strategic position of the city and the extraordinary potential of its local automotive industry.
  • The favorable economic indicators of production costs and foreign investors support by governmental institutions.
  • The unmatched development potential of the region with its growing industry and economy.

SERBIA - THE EXPERIENCE

  • TPV has started its production in 2007 and after going through the phases of establishment and stabilization of the production cycle, it can now enjoy the positive business results.
  • The company exports nearly 90% of its production. However, there is a trend for local market absorption and the distribution of products in Serbia will be enhanced as a result of the dynamic growth of the economy.
  • Many of the local business partners can be compared in quality and efficiency other EU partners. Furthermore, the Serbian labor force is extremely skilled and qualified.

FUTURE PLANS

  • The strategy of the company is to utilize in the best possible way the favorable trade agreements between Serbia and Russia putting a special emphasis on the export to the markets of the former Soviet Union.
  • According to the plans the management aims to develop a full passenger seat production facility in Serbia, while expanding the number of the workforce to 300 employees.

RECOMMENDATIONS

  • Now is the best moment for Greenfield investments in Serbia.
  • Local authorities can sometimes be slower than expected. But, patience pays off!
  • Serbia is an extremely vibrant and hospitable country with cordial people and excellent working and living conditions not just for business people, but also for their families.