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Turkey's Sahterm signs deal to build 100 mln euro plant in N. Macedonia

Apr 26, 2024, 3:50:14 PMArticle by Dragana Petrushevska
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April 26 (SeeNews) - Turkey's home appliances heating elements maker Sahterm Elektrikli Isiticilar San. ve Tic. A.S. signed an agreement with North Macedonia's Directorate for Technological Industrial Development Zones (TIDZ) to build a 100 million euro ($107.2 million) factory in Skopje, TIDZ said on Friday.

Turkey's Sahterm signs deal to build 100 mln euro plant in N. Macedonia

The contract foresees the lease of over 20,000 sq m of land in the Skopje 2 industrial zone and the construction of a plant with an area of over 13,000 sq m in the first of the two investment phases, TIDZ said in a press release.

The company plans to open over 1,000 job positions in the next ten years. The investment will also encompass the construction of a research and development centre.

The factory will be the company's first production facility outside of Turkey, according to the press release.

Sahterm produces a range of heating elements for household appliances. Over half of its total annual production is exported.

($ = 0.932 euro)

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