Sahterm will build EUR 70 mln plant in N. Macedonia

Turkey's home appliances heating elements maker Sahterm will invest EUR 70 million in the construction of a factory in North Macedonia's Skopje, according to the country's Directorate for Technological Industrial Development Zones.

The company will start the construction of the factory in 2024 and plans to open over 1,000 job positions in the next ten years, TIDZ said in a press release. The investment will also encompass the construction of a research and development centre. The factory will be the company's first production facility outside of Turkey.

Sahterm produces a range of heating elements for household appliances. Over half of its total annual production is exported.