ODW Elektrik to construct a manufacturing plant in Macedonia
The German car cable manufacturer ODW Elektrik started the construction of its production facility in Ohrid, Macedonia. The plant will be located in Technical-Industrial Development Zone (TIDZ) Ohrid/Struga. It is worth an investment of EUR 15 million and is expected to create 1,000 new jobs. The construction is scheduled to end in June, 2016.
”The plant will cover an area of 5,000 square meters, including offices, warehouses and infrastructure. In the first stage, the factory will employ 500 people as we plan to double our production capacity in the second stage for which we would have to hire up to 1,000 people.
ODW Elektrik has ambitious plans in Macedonia by planning to boost production, offer different product and introduce new technologies. In order to realize this, the company will invest in trainings for its staff,” ODW Elektrik’s executive director Ludwig Bathon said.
He added that the company had started with a pilot production on three production lines in an existing facility. The plant will bring new technologies and know-how which will contribute to the development of domestic automotive industry. It will also boost Macedonia’s export rate, as European countries and China are the target markets for the output from ODW Elektrik’s Macedonian factory.
”Investments, such as this one, confirm the success of implemented projects and measures, aimed specifically to attract giants like ODW Elektrik in Macedonia. By today’s cornerstone-laying ceremony for a new plant Macedonia is obtaining a new large investment from the automotive industry,” Macedonia Prime Minister Nikola Gruevski said at the groundbreaking ceremony.
He added that the German company Kostal has also declared its intentions to invest in Macedonia, and to open 1,000 new jobs.
”The entrance of these two companies will substantially increase the employment possibilities for the citizens of this region, which should improve the living standard and financial security of citizens. These are our priorities and we shall keep working hard to that effect,” Gruevski stated.
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