Wednesday, 11th December 2024

German BMZ Group Breaks Ground on €65 Million Lithium-Ion Battery Plant in Skopje

In a boost to North Macedonia’s industrial landscape, the German BMZ Group has commenced construction on a new €65 million factory in the Technological-Industrial Development Zone in Skopje, dedicated to the production of lithium-ion batteries

The state-of-the-art facility is expected to be completed by May next year, with projected exports of at least €60 million in its first three years.

Jelica Ivanovska, General Director of BMZ Macedonia, announced that the company currently exports primarily to Germany and Poland, with distribution extending to other European countries. The new factory is poised to significantly bolster BMZ’s presence across the continent.

Prime Minister Hristijan Mickoski, present at the groundbreaking event, expressed optimism about the country’s economic outlook, pointing to July’s 3.8 percent growth in industrial production after a period of negative figures. “It’s encouraging to see positive momentum after such a long time of stagnation,” Mickoski remarked, signalling confidence in North Macedonia’s industrial resurgence.