Draxlmaier to build facility in Kavadarci.
"According to 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 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 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.