Printer Friendly

Draxlmaier to build facility in Kavadarci.

The German Draxlmaier Group announced an ad for election of top managers for the factory it is going to build in Kavadarci where it plans to invest at least 20 million euros and create 3,000-4,000 jobs. It is going to manufacture electronics and electrical cables for automobiles for the German market.

"According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 our estimates, we expect annual export of over 100 million euros, a net amount of 40 million euros of which will be an added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:

Added Value = Sales - Purchases - Labour Costs - Capital Costs
 in Macedonia. With this investment, we will have the opportunity of being one of the few countries being net exporters to Germany," Foreign Investments Minister Vele n. 1. A veil.  Samak said.

Draxlmaier's main client for the factory in Kavadarci is Mercedes. The company cooperates with all premium automobile brands from Germany.

Minister Samak informed that the German investor confirmed its decision for investment in December last year. The prime reason for the location of the investment, he said, was the towering unemployment in the region.
COPYRIGHT 2012 Macedonian Information Centre
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:BUSINESS NEWS
Publication:INFOMAC Daily News Service
Date:Mar 22, 2012
Words:162
Previous Article:Macedonian-Croatian business forum organized by SSK and Croatian Embassy.
Next Article:Transporters demand lower diesel prices.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters