The MoU was signed by Macedonian Prime Minister Nikola Gruevski during his visit in Brescia, Italy, and co-signed by one of Orlandi’s owners, the government said in a statement.
Construction should start at a beginning of 2009, with production scheduled to kick off in 2010. The new factory will employ 120 workers initially. Their number will reach 500 after production is expanded, statement added.
Brescia-based company Orlandi manufactures a range of products from agricultural machinery to electronic and telecommunication equipment. Its export markets include Europe, Asia, North and South America, and Africa.
U.S. Johnson Controls was the first company that opened an electronic car parts factory in the Bunardzik free industrial zone. UK-based Johnson Matthey plans to build an emission control catalyst plant in the zone, while French designer and producer of aluminum components Montupet has said it would start building a 60 million euro factory for automobile engine parts by the end of 2008.
($=0.6981 euro)