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AVIC Cabin Systems Plans to Set up Factory in Croatia
  • source: AVIC
  •   publish date:2019-04-02
  •   [BigMiddleSmall]

On Mar. 29, a delegation led by Chen Yuanxian, Vice President of AVIC, visited Croatia to investigate a candidate site for a low-cost manufacturing center. The delegation was fully informed of Croatia's investment environment and related policies.

This April, China and Center-and-Eastern Europe Leaders’ Meeting will take place in Croatia and China Prime Minister Li Keqiang will lead a delegation to visit Croatia then. The meeting will strengthen China-EU cooperation, and AVIC is planning to expand its production into Croatia to support this relationship and the “Belt and Road” initiative.

Croatia, the latest member of the European Union, holds great potential for economic development and can be a stronghold for China companies to cooperate with the EU. According to the research by ACS(AVIC Cabin Systems), Croatia has significant cost-effective advantages, making it an ideal candidate for ACS’s low-cost manufacturing center.