German auto parts manufacturer AFT opened a plant in Priboj, southwestern Serbia, on Friday at a ceremony also attended by Serbian President Aleksandar Vucic.
The factory, whose workforce will reach 400 in total, will produce parts for Audi, BMW, VW and other major automotive brands.
The 6,300 sq m factory was built on 15,000-plus sq m development land and the investment is worth 6 mln euros.