Vescovini Group to Develop Serbian Forge Plant
February 15, 2011
According to local sources, Italian cold forger Vescovini Group has signed a letter of intent to open a $9.5 million forging plant in Serbia. The new facility, which will produce forged components for the construction and automotive industries, will be located in Serbia’s western town of Sabac. The plant will be developed on a 17-acre site and will initially hire 75 workers.