North Macedonia has a history of auto component manufacturing. A number of companies have been bought by overseas investors and continue to produce a range of components for cars, buses, trucks and locomotives. Today, the automotive components sector is compiled of a number of companies. Existing component manufacturers in Macedonia supply to the European, Russian, Turkish and African markets, amongst others. The automotive industry in these markets is particularly buoyant as global players over the last ten years have invested over €20 billion in car manufacturing in Central and Eastern Europe alone, and further investment is anticipated. Quality products being produced in these factories, in compliance with the highest automotive standards assures that production in the Macedonian automotive components sector is export-ready.
The country is particularly suitable as a location for the manufacture of high value to weight and labor-intensive products such as safety systems, electronics, mechatronics, precision engineered and plastic products, and die-casting components. North Macedonia offers a particularly cost-competitive operating environment for auto component manufacturing. The labor force is well educated, flexible and has a strong work ethic. The educational system is willing to collaborate with incoming investors in finding ways to meet their skills needs, as demonstrated by one of the major universities training 165 students in Java and C++ in anticipation of the needs of Lear Corporation, which has invested over €15 million in Macedonia’s Tetovo free zone on an area encompassing 12,000m² to manufacture electronic automotive components. The company uses state-of-the-art machinery and production facilities for cutting leather and canvas, including a contemporary warehouse and office space