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The German company "Kromberg & Schubert" has confirmed investment operations over the construction of a new factory in FYR Macedonia, MIA reports. The investment decision was passed in February, resulting from a long-term study initiated in 2008, including complete analysis of FYR Macedonia and other countries through a number of relevant business factors, says the company representative. The investment amounts €20 million and is scheduled for completion in the first half of the next year. The facility will produce cable installations for European car producers. About 400 jobs will be open at the initial stage, whereas the company expects over 2,500 employments when the plant reaches full capacity. The company has purchased land and currently undertakes planning and construction activities in close cooperation with the Bitola municipality and local construction companies. "Kromberg & Schubert" is a German family firm with a 100-year-long history. It produces on-board networks, cables, plastic technology and mechatronics for the automotive industry. Source:MIA
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