Italian company Itec that manufactures composite materials is expected to begin construction of a new facility in the industrial zone in Tetovo. This investment will cost € 5 million with 150 new jobs.
Director of the Agency for Foreign Investments and Export Promotion of the Republic of Macedonia, Visar Fida after the signing of the contract stated:
“This is the first investment to be realized in the TIRZ Tetovo. This company will realize an investment in the Tetovo area by the local company “PRO COMP ADVANCE TECHNOLOGIES”. The investment is related to composite materials and will cost € 5 million, and thus will bring 150 new jobs in the first two years. The facility will be placed on an area of 6000m2″, Fida said.
On this occasion, the Director of the company Itec Roberto Oskiri expressed his satisfaction for this investment.
“I am happy that I am here in Macedonia and on this occasion I hope that we will succeed”, said Oskiri.
According to announcements, the first phase of the investment is expected to be completed soon.