UK’s Johnson Matthey completes EUR 59mn investment in autocatalyst plant in Macedonia.

By bne IntelliNews October 29, 2013

UK’s speciality chemicals company Johnson Matthey has completed the GBP 50mn (EUR 59mn). investment in expanding its emission control catalyst manufacturing plant in Macedonia, Utrinski vesnik daily reported quoting the company’s general manager for the country Jatin Thakrar. The executive said that the investment was completed last month and they have already started testing the lines.

The expansion doubles the number of lines to four. One of the new lines is operational, while the other will be available in January 2014. All lines will be in operation by mid-2014 and are planned to be loaded at full capacity in 2015. Thakrar informed that they currently have 490 employees and will most likely add 110 new workers.

Catalysts are already the most significant single product in Macedonia’s exports, according to data of the statistics office. On the other hand, platinum and platinum alloys were the second most important item in the Balkan country’s imports in the first eight months of this year.

Related Articles

Local elections to test balance of power in Macedonia

Macedonia’s October 15 local elections are seen as a popularity test for both the governing Social Democratic Union of Macedonia (SDSM) and for VMRO-DPMNE, which went into opposition in May after ... more

Macedonia issues first sentence for parliament violence

A Macedonian court has sentenced the attacker of a former opposition MP to four years in prison, media in Skopje said on October 12. The assault took place during the protests in the ... more

Macedonian businessman plans comeback after accusing ex-PM of destroying flagship development

Macedonia’s FON University, owned by businessman Fijat Canoski, has signed a memorandum of cooperation with investors China’s Yida Construction and local firm FINE to build a university campus ... more