Officials of the German automotive corporation Dräxlmaier Group and Minister for Attraction of Foreign Investments Vele Samak signed Monday an agreement to launch largest German greenfield investment in Macedonia.

The company plans to build a plant for production of vehicle parts in Kavadarci. The investment project totals EUR 35 million. Dräxlmaier Group plans to invest EUR 17 million and to create 4.000 jobs in the first five years. Their local partner from Macedonia will invest in construction of plant at an area of 52.000m2, which will be put to use to DDM Dräxlmaier Manufacturing Macedonia through long-term leasing.

PM Nikola Gruevski, Deputy PMs Zoran Stavreski and Vladimir Pesevski respectively attended the agreement signing ceremony.

Minister Samak said that every new project brings new lessons, new challenges and a chance for new future.