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Gecic Law Advises on JFE Shoji EUR 50 Million Investment in Serbia

Gecic Law Advises on JFE Shoji EUR 50 Million Investment in Serbia

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Gecic Law has advised JFE Shoji on a EUR 50 million greenfield investment in Serbia through the acquisition of a 10-hectare land plot in the Indjija industrial zone.

The new production plant is poised to produce rotors and electric motors for the global automotive brands.  According to the law firm, "this venture aligns JFE Shoji Serbia with other prominent Japanese investors in the country. These include, above all, Toyo Tires and Nidec, who have already enhanced the nation's industrial landscape."

"The investor will construct a cutting-edge production plant in this location, that will serve as headquarters for JFE Shoji’s European operations. The investment will significantly contribute to Serbia’s economy and expand JFE Shoji's footprint in Europe. The new factory in Indjija will create more than 100 jobs in its first phase, reflecting JFE Shoji's commitment to the local economy," Gecic Law reported.

Part of JFE Holdings, the JFE Shoji Corporation was born in 2004 through the merger between the Kawasho Corporation and NKK Trading, to handle the steel and steel peripheral business as the core trading house of the JFE Group. Kawasho Foods, Kawasho Semiconductor, and Kawasho Real Estate were established through a company split-up, becoming operating subsidiaries of JFE Shoji Holdings.

The Gecic Law team included Senior Associate Milos Petakovic.

Gecic Law was unable to provide further information on the matter.

Gecic Law at a Glance

Committed to redefining a law firm's role in an emerging regional market, Gecić Law is a full-service law firm that advises international and local clients from the public and private sectors in navigating the complex legal landscape of the region across multiple practice areas. Members of the Gecić Law team have graduated from leading universities in the US and Europe. They have extensive local and international experience, with a particular focus on EU regulatory frameworks and international trade and a proven track record in providing innovative and practical solutions in the most complex of matters.

Gecić Law is an exclusive member of two leading global alliances, TerraLex and TAGLaw, extending its international footprint. The firm and its lawyers have continuously been recognized in several practice areas by elite global directories, including The Legal 500, Chambers and Partners and Benchmark Litigation. Gecić Law was named Law Firm of the Year: South Eastern Europe 2021 and Law Firm of the Year: Eastern Europe and the Balkans 2020 at The Lawyer European Awards and was repeatedly nominated in other practice areas.

For more details, please visit geciclaw.com.