JOHNSON MATTHEY BUILDS NEW EUR 60 MILLION PLANT
British company Johnson Matthey launched the construction of the second plant in Macedonia, worth EUR 60 million, which is set to double production and open 100 new jobs.
“Johnson Matthey is the second large foreign company that has decided to reinvest in Macedonia. This demonstrates security, satisfaction, prosperity. When a company reinvests in Macedonia, this means it is satisfied from the initial investment, operating conditions, communication with authorities, and all other parameters required for good business”, said Prime Minister Nikola Gruevski in the address at the cornerstone-laying ceremony in Free Economic Zone Skopje 1.
Free Zones Authority CEO Viktor Mizo stressed the new Johnson Matthey investment confirmed that Macedonia was a fruitful soil for doing business.
The new plant makes Johnson Matthey the largest greenfield investment exceeding EUR 120 million and 500 employees.
“Johnson Matthey has been present in Macedonia since 2010, producing six million world-class catalysts, being the country’s number one exporter”, said Executive Director on Environmental Technologies Larry Pentz.
British Ambassador to Macedonia Christopher Yvon said cooperation with Johnson Matthey represented a model that other companies should follow.
The investment is expected to be completed in the next two years. The expansion comes as a response to the rapidly increasing demand for more sophisticated and complex catalysts. The company covers one-third of the global market of catalysts for light and heavy vehicles.