Construction of IMS Gear's initial European manufacturing facility commences in Osijek, a city outside Germany
**IMS Gear Sets Up Shop in Osijek: A Boost for the Croatian City's Economy**
IMS Gear, a globally acclaimed industrial company specialising in drive solutions for various industries, including the automotive sector, is set to establish its first European production facility outside Germany in Osijek, Croatia. This significant investment, expected to commence operations soon, will initially employ up to 300 workers.
The German company, which employs over 3,000 people across Germany, Asia, and the United States, chose Osijek following a visit by the city's mayor, Ivan Radić, to IMS Gear's headquarters and production plants in Germany. This decision underscores the strong cooperation and investment potential between the two parties.
The new plant, operated by IMS Gear Croatia d.o.o., will be located in the Nemetin Business Zone in Osijek. The city sold a 33,442 square metre plot of land to IMS Gear Croatia for €1.1 million in 2023.
The arrival of IMS Gear signifies significant economic growth and investment potential for Osijek and the wider Slavonian region. This comes as part of a broader trend of increased employment in the city, with over 4,500 more people in work since 2021.
IMS Gear produces crucial components for automotive systems, such as electric power steering, brake mechanisms, and seat adjustment systems. Their presence in Osijek underscores the city's attractiveness as a hub for high-tech manufacturing. By establishing its first non-German European facility in Croatia, IMS Gear is strategically positioning itself to access new markets and benefit from the region's growing economic influence.
Mayor Radić assesses that the IMS Gear investment is another confirmation of the economic growth and investment potential of Osijek. He expects the arrival of IMS Gear to continue the trend of employment growth in the city. The plant is expected to create employment opportunities, encouraging inhabitants to remain living and working in the country.
The IMS Gear plant in Osijek will further establish the eastern Croatian city's presence on the production map. The news of IMS Gear's investment in Osijek is considered fantastic for its potential to boost the local economy and improve living conditions. This decision is a testament to the city's appeal as a destination for international investment and a significant step forward in Osijek's economic development.
The establishment of IMS Gear's first European production facility in Osijek not only reinforces the city's appeal as a destination for international investment but also signifies a strategic move by the finance sector, as this global industrial company delves into the expanding business opportunities in the region. The manufacturing industry in Osijek is set to experience a surge with the arrival of IMS Gear, offering employment to over 300 workers and contributing significantly to the city's economic growth.
