KOREAN COMPANY TO BUILD FACTORY
Prime Minister Nikola Gruevski signed on Tuesday a memorandum of cooperation with Korean company TriView. Co. Limited in Government's premises.
In accordance with the memo, Gruevski announced, a plant for production of LCD monitors will be built in springtime in Bunardzik, the technical-industrial free economic zone. The investment will be worth Euro 4 million.
- TriView. Co. Limited will occupy 2,5 hectares, whereas the two-storey factory hall will spread on 4.200 square meters. 80 to 100 people will be employed in the initial stage. The annual production is projected to be 60.000 TV sets of the brand HAYER in a total amount of $40 million, intended for the European market, stated PM Gruevski after signing the document.
The production process is expected to start in late 2009.
- This cooperation for Macedonia is of high importance, because it will be invested in high technology products, which haven't been manufactured here so far, he noted.
According to John Shen, company's vice president who signed the cooperation memo representing the Korean side, the Macedonian Government has offered an excellent investment package. The Seoul-based TriView. Co. Limited sells its products thus far on the local market and in USA. The company is one of the 10 leading manufacturers in the world of LCD monitors.