US Company Dura Automotive Systems to Open Plant in Macedonia
US-based car parts manufacturer Dura Automotive Systems announced it would open a production site in Macedonia’s Skopje 2 free zone. The President of the Government of the Republic of Macedonia, Zoran Zaev, accompanied by the Deputy Prime Minister in charge of Economic Affairs, Koco Angjushev, the Minister of Economy, Kreshnik Bekteshi, and the Director of Macedonia’s Free Zones, Aleksandar Mladenovski, attended the groundbreaking ceremony today marking the start of construction of a plant for American company DURA Automotive Systems in the Skopje 2 free zone.
The project is expected to be completed in the summer of 2019, and will encompass an area of 16,000m². When fully staffed, the new manufacturing site will employ approximately 500 people.
“This new location is essential to support our growth in Europe. We have designed the facility with a high degree of vertical integration, incorporating state-of-the-art process technology to produce lightweight aluminum systems with extremely resilient painted and anodized finishes,” Tyrone Jordan, Dura Automotive Systems’ president and CEO, said in a statement on the company’s website. Initial product launches will include lightweight aluminum exterior trim and roof rail systems to support the needs of European original equipment manufacturers.
Mike Beckett, Vice President of European Operations for DURA, noted that “The region has a technically capable workforce, good infrastructure and strong support for foreign investment. The outstanding cooperation we received from the Republic of Macedonia government allowed our operations team to move quickly to finalize this strategic addition to DURA’s network of operations.”
Macedonia will be Dura Automotive Systems’ 37th location and its 16th in Europe, a market that represents half of the company’s global revenues.
Founded in 1914, the company invests in vehicle lightweighting, design, mechatronics, advanced safety and advanced mobility.
Dura Automotive Systems employs more than 9,400 people in 14 countries. The company markets complete systems and modules to automakers in the Americas, Asia and Europe.
Prime Minister Zaev, addressing investors, guests, and media, stressed that interest in new investments by renowned foreign companies is constantly growing.
Aleksandar Mladenovski, Director of Macedonia’s Free Zones thanked the Government’s economic team for their enormous support, as well as his team from the free zones, which he emphasized, “work day-to-day in order to realize the projects”.