IMS Gear Constructs First European Facility Outside of Germany in Osijek
In a significant expansion for the German industrial company, IMS Gear, known for its high-quality drivetrain solutions for various industries, has chosen to build its first European production plant outside Germany in Osijek, Croatia. This move marks a milestone for both IMS Gear and the city of Osijek, as the new plant will be the company's first large-scale manufacturing site in Europe beyond its home country.
The 33,442 square metre plot for the new facility is located within the Nemetin Business Zone in Osijek, and the City of Osijek sold this land to IMS Gear Croatia for approximately 1.1 million euros in 2023.
The decision to establish the plant in Osijek is seen as positive news for the city and the region due to its potential to encourage economic development and employment. This positive sentiment was echoed by Osijek Mayor Ivan Radić, who stated that IMS Gear's choice to develop in Osijek is significant due to the city's growth.
Mayor Radić's visit to the headquarters of IMS Gear was significant, as it was seen as a confirmation of the city's economic growth and investment potential. He expressed confidence that the arrival of IMS Gear will further strengthen these trends, especially since the company employs over 3,000 people worldwide and produces components contained in one out of every four cars globally.
Osijek and its region have historically struggled with emigration and wealth disparity compared to other parts of Croatia. However, since 2021, Osijek has seen a growth of 4,500 registered employees, indicating a positive shift in the local economy. The construction of the IMS Gear plant is expected to further enhance Osijek's presence on the production map.
For IMS Gear, expanding production capacity outside Germany supports its global reach and responsiveness to market demands in a new European region. The company already employs over three thousand people in Germany, Asia, and America. The establishment of the plant in Osijek is expected to provide additional employment opportunities, boosting the local economy.
The impact of this move is expected to be substantial for Osijek's economy by boosting employment opportunities and industrial presence. It also symbolizes the city's attractiveness as a business location for international companies, especially within the automotive supply chain sector.
[1] City of Osijek sells land to IMS Gear Croatia for 1.1 million euros. (2023). Retrieved from [link] [2] IMS Gear to build first European plant in Osijek, Croatia. (2023). Retrieved from [link]
The City of Osijek's sale of a 33,442 square metre plot to IMS Gear Croatia for 1.1 million euros in 2023 marks the start of the technology giant's first large-scale manufacturing site in Europe outside Germany. The establishment of the IMS Gear plant in Osijek is anticipated to be a significant boost for the city's economy, providing employment opportunities and enhancing its industrial presence.
