Wolf Theiss has advised Johnson Controls on its third investment contract with the Government of Macedonia, which was signed on February 2, 2016.
According to Wolf Theiss, Johnson Controls will build, own, and operate a new production facility in the Technological Industrial Development Zone Strumica for the manufacture of car seats, creating up to 3,000 jobs over three years. Investors in the special Technological Industrial Development Zones benefit from various approved state support, including employee incentive programs. The investment will start as an investment into an existing facility with a new factory to be developed in 2017.
This marks Johnson Controls’ third investment in Macedonia, following the December 2007 opening of a production facility for electronic dashboard components in Skopje and the 2011 opening of a facility for the production of car seat covers in Stip.
"We are very pleased again to support Johnson Controls on its investment in new production facilities in South East Europe,” said Wolf Theiss Partner Richard Clegg. "This facility forms part of a growing regional manufacturing network providing quality products for car manufacturers and reflects positively on the skills and advantages of the region."
The Wolf Theiss team advising Johnson Controls was led by by Richard Clegg, Jasmina Uzova, and Iva Georgieva from the firm’s Sofia office, with Ana Minoska of Macedonia's Minoska Law Office working alongside.
The investment was negotiated on behalf of Macedonia by the country’s Directorate for Technological Industrial Development Zones.
Image Source: johnsoncontrols.com