Kinstellar has advised Korea's Kyungshin Cable on the construction of a 12,000-square-meter factory in the Serbian town of Smederevska Palanka, approximately 80 kilometers south of Belgrade. The investment is valued at over EUR 20 million.
The new factory will launch in 2021 and produce components for both traditional cars and electric cars and batteries. Kyungshin Cable has said that it plans gradually to employ up to 700 people at the new facility.
Kinstellar's team was led by Partner Selma Mujezinovic and Associate Ksenija Sorajic Bakovic and included Senior Associate Andreja Vrazalic and Associate Milan Radonic.