German engineering leader Kostal has announced the third phase of its expansion in North Macedonia, investing an additional €45-€50 million into its operations. The latest development will create at least 250 new jobs by 2028, raising the company’s workforce in the country to 1,300 and boosting its total investment beyond €150 million.
The expansion will focus on advanced energy electronics for electric and plug-in hybrid vehicles within the Volkswagen Group, alongside sophisticated mechatronic systems for Mercedes-Benz. With this move, Kostal is strengthening its position in the automotive industry’s transition toward green technologies.
Prime Minister Hristijan Mickoski celebrated the milestone at a ceremony in Ohrid, highlighting Kostal’s contributions to the local economy. After eight years of operations, the company became North Macedonia’s ninth-largest exporter in 2023, partnering with global automotive giants like Volkswagen, BMW, and Jaguar.
This significant investment further establishes North Macedonia as an emerging hub for sustainable automotive technology and innovation.
