Business news from Ukraine

Business news from Ukraine

Minth plans to build €870 million factory and create 2,200 jobs in Injiya

According to Serbian Economist, the authorities in Injiya have confirmed that the Chinese group Minth is moving forward with the launch of a mega-project in Vojvodina. The first stage involves land registration: part of the territory has already been purchased, and the package of documents for the remaining 210 hectares is “in the final stages.” If negotiations are completed without delay, construction could start as early as June 2026.

What has been announced about the project

According to the parameters that have been publicly discussed since 2024–2025, the project involves a plant for the production of components for the electric vehicle industry:

— investment — up to €870 million (over several years/phases),

— new jobs — about 2,200,

site size — 210 hectares, which is unusually large even by the standards of large-scale industry.

The size of the project will change the economy of the region.

For Inji, this means a jump in employment, tax base, logistics development, and demand for contractors — from construction companies to services and suppliers.

This is part of Minth’s “big package” in Serbia.

Minth already has a presence in the country: the company entered Serbia in 2018 (first production facility in Loznica, then Šabac) and is discussing expansion at several sites.

In addition to Inji, in 2025, the media reported on Minth’s additional plans for new factories and jobs in other cities in Serbia — the total scale of investment is close to billions of euros.

Serbia is consolidating its role as an industrial base for auto components.

Minth is a global supplier of auto parts and solutions for body/structural components, working with dozens of brands. For Serbia, this means strengthening its “auto cluster” and potential growth in export revenue.

At this scale, any bureaucratic delay will prolong the project by months.

Human resources and wage competition: 2,200 jobs in a single project will inevitably “pull” the labor market in the region.

Infrastructure and energy: a plant of this size will require a stable power supply, logistics, and supply chain, otherwise the effect will be lower than expected.

If the announced deadlines are met, Injiya could become one of the key points of Serbia’s industrial growth in 2026–2028, with a strong focus on components for the new automotive industry.

https://t.me/relocationrs/2159

 

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