You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Power Resources Group opens tantalum processing plant in Macedonia

Power Resources Group opens tantalum processing plant in Macedonia Municipality of Gustavar/ All Rights Reserved

SKOPJE (Macedonia), September 20 (SeeNews) - Malta-registered Power Resources Group (PRG) has opened a tantalum processing plant in Macedonia's nortwestern Gostivar municipality, the municipal authorities said.

The investment amounts to $12 million (10 million euro) and will create 40 new jobs, Gostivar municipality said in a statement on Tuesday.

"We have already received permits to continue with a second investment in Gostivar, which we hope to be implemented by the end of the year. The investment will amount to $15 million, which will lead to opening of 70 new jobs," Ray Power, CEO of PRG, said in the statement.

The company's factory will process tantalum, a rare biocompatible material, which is found on electronic devices such as smartphones and tablets. It is also used as part of implants in medicine.

Elsewhere in Southeast Europe, PRG is present in Slovenia, according to Power Resources Group's website.

($=0.8331 euro)

Compare