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

Macedonia’s ex-PM Gruevski fears for his life, asks for additional bodyguards

Macedonian ex-prime minister and opposition leader Nikola Gruevski is seeking at least 20 more bodyguards from the state police, as he says he fears his life is threatened. Gruevski, leader of the ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Macedonia’s opposition VMRO-DPMNE tries to block parliament's work

Macedonia’s opposition VMRO-DPMNE party is trying to block the work of the parliament by forming 10 parliamentary groups instead of the single group that is normal for a political party.  ... more