55 MILLION INVESTMENT
Johnson Matthey's initial investment in Macedonia will be Euro 55 million, whereas significant investments are expected in coming years which will augment this amount, stated Prime Minister Nikola Gruevski and Johnson Matthey representative Geoffrey Collin after Thursday's meeting in the Government regarding the details linked to the investment.
Gruevski said the Government was prepared to assist in all preparatory phases, adding the company would obtain every benefit envisaged by law.
So far, we've established promising cooperation and I hope that their plan will be realised in time, stressed the PM.
Geoffrey Collin said that investment's first phase would be in the automotive industry, adding that their business plan for the next seven to ten years envisaged considerable investment increase in Macedonia.
Macedonia is our focus of investment in automotive, chemical and pharmaceutical industry in forthcoming years, Collin noted.
The reason for investing in Macedonia, according to him, was certain tax mitigations, the low-cost economy and country's strategic location.
The construction of company's facilities are set to kick off in February 2008, while the manufacturing process will start in April-May 2009.
MD: Keep the investments coming! ;)