Taipei, 18 April 2023 (MIA) - Director of the Directorate for Technological Industrial Development Zones, Jovan Despotovski, will sign an agreement on Tuesday in Taipei with Yageo for a new investment in the Republic of North Macedonia.

As MIA’s correspondent reported from Taipei, it is the largest greenfield investment since the country’s independence.

The agreement signing ceremony will take place at the company's headquarters. Director Despotovski and a representative of the company will first deliver welcoming speeches, while Prime Minister Dimitar Kovachevski is also expected to address the signing ceremony via video link.

The delegation led by Despotovski will have the opportunity to visit the Yageo factory in Kaohsiung on Wednesday.

Founded in 1977, Yageo Corporation is a leading global electronic component company with capabilities on a global scale, including production and sales facilities in Asia, Europe and the Americas. The corporation provides one-stop-shopping, offering its complete product portfolio of resistors, capacitors, inductors, transformers, relays, antennas, wireless components and circuit protection components to meet the diverse requirements of customers. 

Yageo currently ranks as the world No.1 in chip-resistors, No.1 in tantalum capacitor and No.3 in MLCCs and Inductors, with strong global presence - 29 sales offices, 49 Manufacturing sites, 20 R&D centers in 24 nations and 40,000 employees worldwidely.

Photo: Yageo