Kromberg & Schubert to Build New Cable Factory in Macedonia

Germany-based Kromberg & Schubert GmbH & Co., a supplier of electric cables and wire assemblies for the automotive industry, has confirmed plans to set up a new factory in Macedonia. The €20 million project is scheduled for completion in the first half of 2012.

Final decision on the investment was passed in February, resulting from a long-term study initiated in 2008, including complete analysis of Macedonia and other countries through a number of relevant business factors, says the company.

The facility will produce cable installations for European car producers. About 400 jobs will open in the initial stage, whereas the company expects over 2,500 employments when the plant reaches full capacity.

The company has purchased land and currently undertakes planning and construction activities in close cooperation with the Bitola municipality and local construction companies.

Kromberg & Schubert has a wide presence in the Central and Eastern European region with manufacturing operations in Hungary, Poland, Romania and Slovakia. The German family-owned company has an over 100-year-long history and produces on-board networks, cables, plastic technology and mechatronics.