Skopje, 21 June 2023 (MIA) – Telamon-Europe unveiled Wednesday its second car parts manufacturing facility in North Macedonia, spanning 2.200 meters squared and creating 300 jobs. The facility is a part of the investment plan for the expansion of Telamon-Europe, a subsidiary of Telamon Corporation, based in Indiana, U.S.

The expansion will increase Telamon’s investment in the country from EUR 5 million to 8 million. Apart from the direct financial investment, the company contributes over EUR 400.000 annually to the budget of North Macedonia through contributions and taxes.

“Telamon’s new investment marks a new chapter in the fruitful partnership that we’ve had since 2018, and which undoubtedly leads to economic and social benefits for the citizens. Through its policies encouraging new investments, the Government is prepared to continue to provide the necessary support and to create an environment which encourages growth, innovations and shared success,” said Deputy Prime Minister in charge of economic affairs, Fatmir Bytyqi, at the event marking the opening of the new facility.

Bytyqi thanked the company for deciding to enter a new investment cycle, because, he said, “it says a lot about the trust that foreign investors have in our economic potential, its favorable, stable and predictable corporate environment.”

“And this is why we are here today at the opening ceremony of this new manufacturing facility, which, in addition to the 200 employees, is expected to create 300 new jobs, with wages higher than the average net wage. The current investment of EUR 5 million is projected to increase to EUR 8 million,” said Bytyqi and assessed that Telamon’s new investment has the potential to encourage further investments and improve the overall competitiveness of the country on the global stage.

The event was also addressed by the President of Telamon Industrial Solutions, Tom Puza who welcomed the Government’s support.

Photo: Government of North Macedonia