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German investment in Shtip – over 1,000 new jobs

The German company “Tehnical Textiles” will begin this month to build facility of 9,000 square meters in TIDZ Shtip, which will initially employ about 600 people, and in the next few years another 1,000.

This at today’s conference emphasized the TIDZ director Viktor Mizo and owner of “Tehnikal Textile” Jenson Vanland, adding that it would build the Macedonian construction company.

Company “Tehnikal textiles” will invest 12 million euro in the first year and 12 million next year, and production is scheduled to start in May next year.

The company produces insulating materials for construction, automotive and aerospace industries, but as previously announced, despite this will invest in another business.

Mizo expects that by 2016, exports only from the company will be over 25 million euro annually.

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