MTU Aero Engines and the Government of the Republic of Serbia have signed a Memorandum of Understanding (MoU) with regard to the company’s intention to set up a new industrial site in Serbia.
The Serbian government strongly supports this new venture, which will most likely be located in the Belgrade region. Due to ongoing negotiations, a decision regarding a specific location has not yet been made. MTU plans to expand its current network with a dedicated parts repair facility.
After a carefully considered selection process including sites across Europe, MTU decided in favour of Serbia as the home of this growth project.
“We welcome the general decision of MTU to rely on Serbia for this major investment,” says Serbian president Aleksandar Vučić. “Serbia provides all necessary resources as well as highly skilled and motivated people, which are keen to strengthen our country’s footprint in the global aviation industry.”
Michael Schreyögg, chief program officer, MTU Aero Engines added: “The commercial MRO business is increasing continuously and the new repair facility will be a key component of our growth strategy. Establishing additional capacity in Serbia will best position MTU to provide competitive services to the global market.
“We strongly believe in the capabilities available in the country. Our site will form the core of a future aerospace cluster, promoting the need for vocational training and the development of high-tech aerospace competences. We are confident we will successfully conclude our current negotiations and become a valuable industrial player in Serbia.”