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south-east european

INDUSTRIAL MARKET

6

SEE INDUSTRY

Macedonia is a favorable location for the au-

tomotive components sector due to many fac-

tors. The Agency for Foreign Investments and

Export Promotion of the Republic of Mace-

donia recently published a detailed report on

the topic, listing all the major advantages for

foreign investors when setting up their busi-

ness in the country - the strategic location,

proximity to assembly plants in Central and

Eastern Europe and Turkey, and duty-free ac-

cess to the European market.

Invest in Macedonia also describes the

country as an ideal location for corporations

looking to set up or relocate their business,

thanks to a winning combination of a cost-

competitive environment, educated and ac-

cessible workforce. Macedonia’s proximity to

the rapidly growing automotive manufactur-

ing base in Central and Eastern Europe and

Turkey, which have become a regional su-

perpower in the automotive industry, is an-

other strong point. The geographical proximi-

ty to these markets allows low distribution

costs and "just-in-time" product delivery from

Macedonia.

Macedonia’s history of automotive compo-

nents manufacturing started as early as the

1960s - initially to supply the former Yugosla-

vian automotive producer Zastava. Today,

the automotive components sector consists

of several companies. The products pro-

duced in compliance with automotive stan-

dards TS 16040 and ISO 9001, which is an

assurance that factories in the Macedonian

automotive components sector are able to

export their goods.

Using information and research data from the

Automotive components manufacturing

in Macedonia

Automotive Cluster of Macedonia, Invest in

Macedonia assesses that the country is partic-

ularly suitable as a location for the manufac-

ture of high value to weight and labor intensive

products such as safety systems (seat belts,

airbags), electronics (controllers, sensors),

precision engineered and plastic products, alu-

minium and zinc die-casting, and grey iron

casting components.

The agency’s report also reveals Mace-

donia’s export of automotive components by

type: 1,45% of clutches and parts, 1,58% of

electric accumulators, 1,75% of printed cir-

cuits, 2,42% of safety seat belts, 3,48% of air

brakes and parts, and 84,68% of catalysts. The

export of Automotive components by country

is as follows: Italy 3,02%, China 3,39%, Slove-

nia 4,03%, Romania 4,51%, Russian Federa-

tion 6,56%, Greece 7,36%, Serbia 17,97%,

Germany 21,38%, Other 31,79%.

Currently there are more than 50 compa-

nies operating in the automotive components

sector in Macedonia, which cover various

manufacturing activities such as covering

seat belts and seat belt parts production, bus-

ses and coaches, various automotive and

machine parts, and railway vehicles and com-

ponents, and others. In this issue of the

South-East European INDUSTRIAL Market

magazine we have comprised a list of some

of the most prominent companies operating

on the market. The gathered information is

taken from the companies’ respective web-

sites and from the Agency for Foreign Invest-

ments and Export Promotion of the Republic

of Macedonia.

Source: Pixabay