ARC Automotive and Yanfeng launch EUR 30 million joint factory in North Macedonia
US-based manufacturer ARC Automotive and China-based motor industry supplier Yanfeng have launched an automotive components factory in Skopje – a joint investment worth EUR 30 million (USD 29,9 million). The new factory, YFA Automotive, is located in the Technological Industrial Development Zone TIDZ Skopje 1 and will create 100 jobs,
ARC Automotive is a global manufacturer that offers a full range of inflation systems for motor vehicle airbags.
Yanfeng is a global automotive supplier, focusing on interior, exterior, seating, cockpit electronics, and passive safety. It has more than 240 locations and approximately 67 000 employees worldwide.
LATEST issue 3/2023