CMS Belgrade has advised BMTS Technology on the opening of a manufacturing plant in Serbia.
BMTS manufactures exhaust turbochargers for the automotive industry. The construction of the new plant, which is located in Serbia’s second largest city, Novi Sad, and spans approximately 24,000 square meters, started in the second half of last year. Production is planned to start in summer 2020 with a capacity of around two million exhaust gas turbochargers. The investment into the project is estimated at nearly EUR 50 million.
CMS Belgrade's team was headed by Managing Partner Radivoje Petrikic and included Senior Attorney Dragana Jandric, Partner Maja Stepanovic, Attorney Jelena Dorđevic, and Senior Tax Lawyer Ivana Blagojevic.