Italy’s Vitillo Opens its Second Plant in Macedonia
Italy’s industrial group Vitillo officially inaugurated its second plant in the Skopje free zone – an investment estimated at €10 million that is expected to open 100 jobs.
Vitek Macedonia CEO Antonio Vitillo said the company was planning to launch a new investment next year, their third in Macedonia, totaling the overall investment to €30 million and hiring over 300 people. It is a sixfold increase compared to the initial investment, a testament to Vitillo’sacknowledgement of the favorable conditions offered in Macedonia.
“These figures uphold our decision to invest in Macedonia, the country in which we believe and where we have made friends that have made us feel at home,” stated Vitillo.
The Italian group, he added, reached a decision to invest for the second time in the country owing to its positive experience, but first and foremost, due to the long-term sustainability of the Macedonian government’s goals.
Vitillo Group, which is present in Macedonia since 2011, produces high-pressure hydraulic fittings and armored rubber hoses. The products manufactured in Macedonia are exported to Europe, the U.S. and Gulf countries.