The factory should become operational by mid-2009, the government said in a statement.
Borteknik should build the factory in six-seven months. It will employ 100 workers initially and another 200 in the next two or three years. The large part of its output will be exported to Germany and Turkey, as annual exports are expected at about 150 million euro.
Borteknik Otomotiv produces superstructures for all types of vehicles, and transport systems like aluminum profile rear doors, sideboards, front and rear panels, side protection barriers and variety of aluminum profiles.
Earlier this month, Macedonia signed a memorandum of understanding with Italian industrial manufacturer Orlandi for the construction of a 10 million euro factory for farming equipment in the Bunardzik.
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, and 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.
($=0.6829 euro)