PWO lands €15M EIB loan to fund new Serbian auto plant
What's the deal? German automotive supplier PWO GroupDealroom has a profile for this one. Try Dealroom → has secured a €15 million loan from the European Investment Bank to finance machinery at its new plant in Čačak, Serbia. The facility spans 16,500m² and makes lightweight automotive components, including parts for electrified vehicles.
The bigger picture: The loan is part of a €31 million project, combining financing from PWODealroom has a profile for this one. Try Dealroom →, the Serbian government, and the European Investment Bank. It is expected to create 550 jobs by 2033.
Why Serbia? The plant expands PWO's local production capacity and deepens its footprint in European automotive value chains. The European Investment Bank frames its backing as support for European Union foreign direct investment and technological transfer in the country.
What's the endgame? As carmakers shift toward electrified vehicles, PWO is positioning its Serbian operation to supply lighter components for that transition. The EIB financing lowers the cost of scaling that capacity.
The signal: The €15 million loan sits at the smaller end of the funding spectrum, but development-bank debt like this is how mid-sized suppliers fund cross-border expansion without diluting equity — a route that lets them chase EV demand while spreading risk across public and private backers.
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