Chinese Rubber Company to Invest 500 mln Euro in Serbia
Serbian president Aleksandar Vucic said a Chinese rubber company plans to invest some 500 million euro ($557.4 million) in Serbia.
The Chinese company plans to build a rubber factory in Serbia and nearly all the details on the project have already been agreed, Vucic said in a video file posted on the website of news agency Tanjug on Tuesday.
The investor is the fourth biggest rubber company worldwide and its president will arrive in Serbia on June 22, China's ambassador Li Manchang said in a separate video file on the website of Tanjug.
Vucic and Manchang did not reveal the name of the company.
Zhongce Rubber Group Co is the biggest tyre manufacturer in China and one of the top 10 manufacturers globally, data from its corporate website shows.
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