SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

U.S.-based co Gentherm plans to open plant in Macedonia

Dec 16, 2014, 3:09:50 PMArticle by Valentina Dimitrievska
share
SKOPJE (Macedonia), December 16 (SeeNews) – U.S.-based Gentherm, a developer of innovative thermal management technologies for the automotive industry, said on Tuesday it plans to expand its production capacity in Europe by opening a manufacturing facility in Macedonia.

U.S.-based co Gentherm plans to open plant in Macedonia

The first phase of the facility, located near the southwestern city of Prilep, would be approximately 19,800 square metres and is planned to open in the fourth quarter of 2015, Gentherm said in a statement on its website. 

The value of the investment was not disclosed.

The new facility will produce the full line of Gentherm seat comfort and industrial products. After a three year build-up to full employment, it is expected to provide jobs for up to 1,000 people.

Our customers are all the major automobile original equipment manufacturers (OEMs) in the world and our mix of products continues to grow, so it is becoming increasingly important for us to have a global network of manufacturing facilities, Gentherm’s president and CEO Daniel R. Coker said in the statement.

Gentherm has more than 8,300 employees in facilities in the U.S., Germany, Canada, China, England, Hungary, Japan,Korea, Malta, Mexico and Ukraine.

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.