New German investment Kostal to open 1,000 new jobs

German automotive company Kostal announced on their website the new investment in Macedonia with 1,000 new jobs.

Kostal independent company based in Germany, is global leader in the supply of technologically advanced electronic, electromechanical and mechatronic products for major industrial organizations. 38 locations worldwide in 17 countries on 4 continents, and staff of over 15,000 people, is offering competitive and competent product development and production needs.

-It is our pleasure to publish our plans for increasing production capacity in Europe through investment in Macedonia. Both sides are committed to finalize the deal, which is expected to be completed in January 2015, said from the company.

According to the plan, at the beginning of 2015 will start with brown field investment and then Greenfield between 2017-2018. The location will be located in Ohrid and Struga region. The first phase of the investment is focused on producing mechatronic products and is expected to open up to 1,000 jobs, while in future is expected significant expansion of the potential.

-The Kostal plan for investment in Ohrid follows our growth strategy and our commitment to serve customers globally with offering them products of the highest quality, technology, and price, said Christopher Sanders, Kostal Vice President.