The company Cagatay Kablo is expanding its investment in Macedonia
At today’s meeting with the acting director of TIDZ, Goce Dimovski, the chairman of the Board of the company, Ahmet Semshetin Koroglu, and Habil Mustafai, director of the factory at TIDZ, presented the investment plans for the new factory. This significant investment is a confirmation of Cagatay Kablo’s confidence in the economic prospects and stability of Macedonia.
“Our Government is firmly committed to supporting investments that encourage economic growth and the creation of new jobs for our fellow citizens. Cagatay Kablo is an example of successful cooperation between foreign companies and the local economy,” said the director of TIDZ, Goce Dimovski.
Founded in 1998, the Turkish company Çagatay Kablo manufactures wires and cables for the automotive industry. They supply leading manufacturers of buses, tractors, construction machinery, trucks, commercial vehicles, air conditioners, cleaning machines and special airport vehicles.
The new factory, which will be located in one of the technological industrial development zones in Macedonia, will bring new jobs and increase the production capacity. This investment is part of Cagatay Kablo’s strategy to expand its presence on the European market and increase competitiveness through modernization and optimization of production processes.
Chagatai Kablo is known for its commitment to quality and innovation, which makes it a trusted partner of many of the world’s leading manufacturers. With the new factory, the company plans to introduce state-of-the-art technology and production methods, which will strengthen its position in the market and meet the increasing demands of its customers.
The expected expansion of Cagatay Kablo’s investment will have a significant positive impact on the Macedonian economy and will create new opportunities for employment, training and development of local staff. This investment is another example of the successful attraction of foreign investments in the country and the strengthening of economic ties between Macedonia and Turkey.