The investment is expected to create more than 3,900 jobs in the Skopje and Stip TIDZs, it added. Yageo subsidiary Kemet Corp operates two plants, and one research and development center in North Macedonia, mainly producing capacitors for electric vehicles, the company said.
SKOPJE (North Macedonia) – Kemet Electronics, the North Macedonia-based subsidiary of US electronic components maker Kemet Corporation, plans to invest 10 million euro ($12.1 million) to expand the capacity of its factory in Skopje, North Macedonia’s prime minister Zoran Zaev said.
The two sides have been in talks over the past year, Despotovski said. North Macedonian Prime Minister Dimitar Kovacevski attended the signing ceremony via videolink, the statement said. “I would like to express my sincere welcome and respect to Yageo, a global high-tech company, to have such meaningful investment in North Macedonia.
The company plans to R&D centre which will focus on new capacitors, launch new manufacturing facilities and open premises for research and testing of new materials, Stefan Utkovski, operations manager at Kemet Elektronics, elaborated in the statement.