European auto parts supplier Sigit SpA. is set to begin turning out moulded components for the high-performance car manufacturer Porsche at its plant in Serbia.
Production at the facility in the central Serbia city of Kragujevac is due to launch in April and is scheduled to be worth €3 – 5m over the full year, Sigit's Serbian business chief executive Davor Velbičovski told national media.
Components produced there will include parts for Porsche's Carrera 911 and Cayenne models as well as the company's new electric cars. Chivasso, Italy-based Sigit expects its business with the German car maker will increase in coming years, in terms of volume and value, Velbičovski predicted.
Sigit is a major supplier of auto parts to the Italian car builder FIAT and its Serb operation already provides FIAT's local assembly plant in Kragujevac with a range of vehicle components.
Overall, the Italian supply group, which employs about 220 at its Serbian unit, makes a wide range of plastic, rubber and aluminium industrial parts for the home appliances and food and beverage vending sectors. But automotive represents around 60% of Sigit group business.
The Italian group also supplies vehicle components to other global manufacturers including Mercedes, BMW, Audi and Jaguar Land Rover.
Sigit group, formed in 1966, operates a number of plants in Italy as well as a string of production units across Europe. In 2010, it signed a strategic agreement with the former Serbian auto builder Zastava Auto which went bankrupt in 2017.
It was in 2012 that Sigit opened its plant in Kragujevac, which is the Balkan state's fourth-ranked city.
Sigit group, which also has production plants in Poland, Romania, Germany, Spain and Morocco, runs more than 300 injection moulding machines, ranging from 35 to 2000 tonnes. It has a 1,600-strong workforce at 19 sites in 10 countries and an annual turnover worth €160m.