NORMA Group Secures €157 Million Automotive Contract in Serbia
NORMA Group has finalized a ten-year contract valued at approximately EUR 157 million to produce thermal management systems for a major automotive client. This project, featuring over 100 system variants, will leverage the company’s production facilities in Serbia, aligning with its strategic growth initiatives.
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NORMA Group has been awarded its largest project order, a ten-year contract valued at around EUR 157 million. The contract involves the manufacture of over 100 thermal management system variants for future vehicle platforms for a global automotive customer, enhancing the company's capabilities in advanced fluid management systems.
Production will occur in Serbia, utilizing NORMA Group's global manufacturing network. This project supports the NewNORMA strategy and Sales Push initiative, reinforcing the company's commitment to profitable growth and technical innovation. The contract reflects the customer's confidence in NORMA Group as a reliable partner in the automotive supply chain, positioning the company as a key supplier in high-value engineered systems.
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