Germany’s Technical Textiles started production in the Stip free zone in August of 2015. The investment, worth €12 million, is the company’s fifth plant along with production facilities in Germany, Slovakia, and China.
Technical Textiles produces fibreglass used in the automotive and aviation industries, wind turbines and ships, and insulating materials for the construction industry. The company chose Macedonia as its investment destination in competition with Abu Dhabi.
At the start of 2018, the number of employees amounted to 142, with plans to increase to a total of 500 positions.