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

Macedonian president to veto law on making Albanian second official language

Macedonian President Gjorge Ivanov said on January 17 he veto the law that extends the use of Albanian language in the country as he thinks it is unconstitutional. The draft law was ... more

Freedom House keeps “partly free” status for Macedonia despite new government’s efforts

Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more

Macedonia issues €500mn 7-year Eurobond with historic low interest rate

Macedonia issued on January 11 a seven-year €500mn Eurobond with an annual interest rate of 2.75%, the finance ministry said. This is the sixth Eurobond issue placed so far by Macedonia’s ... more