Isolite (manufacturer of high temperature insulation, sealing for automotive, aviation, power generation industries with more than 270 employees in Germany, Netherlands, Bosnia and Herzegovina, USA, Mexico, South Africa, South Korea) established subsidiary in Barič/Obrenovac near Belgrade, Serbia to take over local business and move closer to its long-standing customer Mei Ta Europe (foundry of turbocharger, engine/exhaust parts for Mercedes-Benz, other German premium OEMs with capacity of 1.5 million cast components) owned by Meita Group (supplier for Mercedes-Benz, Mercedes-AMG, Renault, Ford, Porsche, Stellantis, BAIC, Luxgen, Great Wall/GWM, BorgWarner, Garrett, BMTS, Vitesco, IHI, Cummins, Mitsubishi, Daimler, BMW Motorrad, Volvo Trucks, Perkins, Wabco, Edwards, John Deere for Daimler, BMW, Audi, Volkswagen, Ford, GM, Renault, PSA, Toyota, Volvo vehicles with plants in Taiwan, China, France/Streit, India/Greentech Industries, Serbia, Slovakia/Streit, Mexico/Streit)