The Director of Invest North Macedonia, Dejan Pavleski had a meeting with the Plant Manager of ARC Automotive, Svetislav Smilkov. Current operations and challenges in this period of crisis that companies are facing were discussed at the meeting. The initiative of Invest North Macedonia to create a systemic solution to address issues affecting the work of investors was presented.
“Investor care is one of our priorities. A positive example of a successful company is ARC Automotive, which is currently working on installing a new production line, which will increase the company’s productivity and competitiveness. This will be an opportunity to create new jobs, retain existing workers, increase production and increase export in the automotive industry”, said Pavleski.
The American company ARC Automotive is a manufacturer that produces a complete program of car inflators for car airbags, located in TIDZ 1 Skopje. The total investment worth is €15M. The company is working on installing a new line for production of inflators, and after installation the total investment will exceeded to over €20M. The company currently employs over 400 people. The entire production of the company is intended for export, mainly for the market in Europe and America.
The total production capacity of the company is 2 to 4 million inflators per year. Last year 2.1M inflators were produced.
More information about the company at the following link: http://www.arcautomotive.com/