{"id":8245,"date":"2025-02-14T12:25:08","date_gmt":"2025-02-14T11:25:08","guid":{"rendered":"http:\/\/ic-steiermark.at.w02242c6.kasserver.com\/success_stories\/multi-million-euro-investment-in-serbia-neuroth-opens-first-production-facility-outside-austria\/"},"modified":"2026-11-02T13:34:13","modified_gmt":"2026-11-02T12:34:13","slug":"multi-million-euro-investment-in-serbia-neuroth-opens-first-production-facility-outside-austria","status":"publish","type":"success_stories","link":"https:\/\/www.ic-steiermark.at\/en\/success_stories\/multi-million-euro-investment-in-serbia-neuroth-opens-first-production-facility-outside-austria\/","title":{"rendered":"Multi-Million Euro Investment in Serbia: Neuroth Opens First Production Facility Outside Austria"},"content":{"rendered":"
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The Styrian economy is increasingly focusing on Southeast Europe \u2013 a prominent example is Neuroth<\/strong>, which is opening its first production facility outside Austria in Belgrade, Serbia<\/strong>.<\/p>\n

The new plant will meet the growing demand for custom-made hearing solutions and drive Neuroth’s international expansion. This allows the company to leverage the economic opportunities in the region while strengthening its innovative capacity. <\/p>\n

Southeast Europe: A Driver of Growth<\/strong>
The decision to invest in Serbia<\/strong> follows a clear market strategy: Southeast Europe is increasingly becoming a dynamic growth region<\/strong> for Styrian companies \u2013 with an emerging industry, skilled professionals, and attractive location conditions<\/strong>.<\/p>\n

Neuroth underscores this trend: While the company still generates two-thirds of its revenue in Austria, Southeast Europe is rapidly gaining importance. With 49 hearing centers in Slovenia, Croatia, Serbia, and Bosnia & Herzegovina<\/strong>, the region recently achieved strong revenue growth of 26%<\/strong> \u2013 and even 70%<\/strong> in Serbia. <\/p>\n

New Production Facility in Belgrade<\/strong>
By the end of 2025, Neuroth will establish a production facility in Belgrade to supply the non-EU markets of Serbia and Bosnia & Herzegovina from there. In the first phase, up to 10,000 ear molds per year<\/strong> are to be produced here \u2013 a significant addition to the existing production site in Lebring, which currently manufactures 200,000 units<\/strong> annually. <\/p>\n

A Market with a Future<\/strong>
Neuroth’s decision shows that Southeast Europe offers growth prospects that extend far beyond the hearing acoustics industry<\/strong>. Several Styrian companies have already ventured into this promising region \u2013 and the trend continues. <\/p>\n

More about the background and expansion strategy in Southeast Europe can be found in the latest Kleine Zeitung article: Link to article<\/a>.<\/p>\n<\/div>\n <\/div>\n\n <\/div>\n <\/div>\n <\/div>\n