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Swiss Wood

Swiss WoodFlooring Solutions DOO Skopje

In progress
Incomplete data

Investment value

Announced

5.000.000 euro

Invested

No data

Employment

Announced

110

Employed

0

In March 2016 the Swiss company Swiss Woodflooring Solutions announced it would invest 5 million euros in Macedonia and would open 110 new jobs.

This investment was announced by the Director of the Agency for Foreign Investments, Mr.Visar Fida.

He said that this is company active in the wood processing sector. After two years of negotiations the company decided to open a factory in the Technological Industrial Development Zone in Kichevo.

According to the announcements, the plan is to first erect a 2,500 square meters building in which 30 employees will be engaged. The company will open 110 new jobs in the frames of the entire investment cycle.

“This project will help to reduce the unemployment, especially for the people in the Kichevo region. This company will also help to increase the trust of other Swiss companies to follow this example. It will help in creation of the indirect employments by partnering with local companies offering their service and will contribute for increased exports from Macedonia”, said Mr.Fida.

The company is to produce wood products such as parquets and other wood-specific products, to be exported mainly to the Swiss market and to other countries in Western Europe.

The company was registered in Macedonia in 2016 but the data on the noncurrent assets is unknown. There were no employees in the company at the end of 2016.

The Agency for Foreign Investments stated for BIRN that presently (end of 2016) the company is expecting to obtain a state land in the industrial zone in the Kichevo municipality for construction of a factory which is part of the announced investment.

“The entry of this company will open business opportunities for the local companies but what is even more important, two more companies that are partners of this company are also interested to invest in Macedonia”, said Agency representatives.

Last update: 04 april 2017

Date of announcement

march 2016

State aid

Country of origin

Investments in the same location