On May 9, the Technological Industrial Development Zones (TIDZ) announced that it held a meeting with Cavo Otomotiv to discuss its investment plans.  Cavo Otomotiv is planning a plant in TIRZ Skopje with an investment of EUR 25 million. It will create 500 new jobs.
Founded in 1984, Cavo is a multinational corporation

On May 8, the Technological Industrial Development Zones (TIDZ) announced that the Turkish company Cagatay Cable, which has been operating within the framework of TIRZ Skopje 1, will invest EUR 6 million. It plans to build a new 10,000-square-meter facility, which will create 200 new jobs.
The new factory will be twi

On April 2, TIRZ (Technological Industrial Development Zones) - Republic of North Macedonia announced the official opening of the new Magna Mechatronics factory in TIRZ Shtip. Built with an investment of EUR 40 million, it covers 18,000 square meters of area. It will employ more than 600 people. It will be producing

On March 28, multiple sources reported that the Prime minister of North Macedonia announced that Magna International Inc. (Magna) will start the operations at its new factory in North Macedonia in April 2025. The plant will be in Shtip and employ 500-600 people. It will see an investment of EUR 45-50 million. 
Based

Several sources reported that Aptiv has planed to close its manufacturing plant in Skopje's Technological Industrial Development Zone, Bunardzik, North Macedonia. The plant, which produces electronic control technologies for the automotive sector, will shift production to Poland and Portugal. The facility currently e

On November 27, 2024, the Government of North Macedonia announced that Kostal Group will invest around EUR 50 million over the next 4 years to expand its production operations in Ohrid.
The new investment will support the production of power electronics for Volkswagen’s PHEVs and BEVs, as well as mechatronic systems

On September 5, BMZ Group broke ground for the construction of its new production facility in the “Skopje 2” development zone for technology and industry in North Macedonia. Build with an investment of EUR 65 million, it will have an area of 6,800 square meters, with the possibility of further expanding the facilitie

On June 11, VDL Groep took over parts of the Flemish bus manufacturer Van Hool. It will acquire parts of the bankrupt Van Hool in Belgium. It will also take over Van Hool's production facility in North Macedonia. The takeover will immediately save approximately 1,600 jobs. 
Approximately 250 Van Hool employees will b

The European Bank for Reconstruction and Development (EBRD) announces a senior loan of up to EUR 75 million to Draexlmaier Group to support investments in electric mobility and general capital expenditures in Romania, North Macedonia, and Moldova.
The project supports the expansion of production capacity in Romania f

On October 3, Anadolu Isuzu announced that it had delivered new vehicles to Shtip Municipality in North Macedonia. The new delivery included Citiport 12m Diesel, Citibus AT, NovoCiti, and NOVO model vehicles. The new vehicles will provide a different dimension to passenger transportation, which will help institutions

On September 4, BMZ Group signed a contract with representatives of the Government of North Macedonia to establish its fifth global production site in North Macedonia. BMZ will start operation in a rented building but will start building a greenfield investment in the Technological Industrial Development Zone “Skopje

The Government of North Macedonia announced that KOSTAL Group is investing EUR 50 million to produce the latest SAC (Smart Actuator Charging) technologies and charging systems from the Volkswagen group. The investment will be realized in the period July 2023 - December 2026. It will be installed in the latest models

Linamar Corporation (Linamar) reached a definitive agreement with Dura-Shiloh, a Middleground Capital portfolio company, to acquire its battery enclosures business for a total of USD 325 million in all-cash consideration. The deal includes three factory locations in Alabama, US; Czech Republic; and North Macedonia. I

On May 22, Avesta Battery & Energy Engineering (ABEE) signed an agreement for a new investment in the production of battery management systems (BMS) in North Macedonia in the presence of the Minister of Economy, North Macedonia. The new investment in BMS production aligns with ABEE’s long-term strategy of expanding i

The Government of North Macedonia announced that Magna Mechatronic, a group company of Magna International Inc. (Magna) has started construction works of a new factory in TIRZ Shtip. It will employ 600 people. This is the second facility of Magna in North Macedonia. Magna Mechatronics produces integrated systems of m

The North Macedonian Government announced that Magna International Inc. (Magna) will open a new factory in the Technological-Industrial Development Zone in Shtip. Its test production and serial production are scheduled to begin in 2023 and H1/2024, respectively. This is the second investment of Magna following its fi

On November 23, the North Macedonia government announced a new investment of the German company "Kiel", which will invest EUR 9.2 million in the construction of a new production facility at the Technological Industrial Development Zone (TIDZ) in Tetovo. Kiel produces seating and interior solutions for buses.
Based on

ARC Automotive and Yanfeng announced the official start of their new joint venture (JV) in Skopje, North Macedonia. The joint venture which was announced earlier this year will operate under the name YFA Automotive Safety and will develop, produce, and commercialize inflators for automotive airbag applications. This

On October 19, North Macedonia Government signed a new contract for state aid for a new investment cycle of "Kromberg and Schubert" of EUR 26 million. This is the third contract that the North Macedonia Government signed with "Kromberg & Schubert", which means that the production capacities, investments, and the numb

North Macedonia Government announced that Magna International Inc. (Magna) inaugurated a new plant in the Technological-Industrial Development Zone in Struga. It occupies an area of approximately 17,000 square meters. The building is already operational with more than 300 employees. It is expected to employ more than