US company Delphi Automotive has decided to invest €15 million in the Skopje free zone.
Viktor Mizo, CEO of the Free Zones Authority, and Lucie Toscani, Vice-President of Delphi Electronics & Safety operations, signed an agreement regarding the investment, which is to be realized in several phases and bring about 500 new jobs. In a few years, Delphi's manufacturing facility in Macedonia is expected to export over €150 million.
"Delphi is focused on delivering high-quality, industry-leading technologies that help automakers manage increasingly complex electronics and safety systems. The facility in Macedonia will help further this goal," Toscani said.
Delphi says its decision to invest is based on certain criteria, namely following the group's vehicle-maker customers, access to a skilled workforce, use of existing infrastructure and partnership potential with local government. The favorable business environment, advance skillset and excellent infrastructure in the free zones were key factors for Delphi to invest in Macedonia.
The plant will produce electronic controls technologies for vehicle manufacturers across Europe and work closely with other facilities in the region to ensure efficiency and flexibility for its customers.
Delphi Automotive is a leading global supplier of technologies for the automotive and commercial vehicle markets, with an annual turnover of €17 billion.