TT Cables, based in Bosnia-Herzegovina, announced that it has launched a new factory to make low-voltage cables in Macedonia, that will be located at the IGM Industrial Park on Negotino.

A press release said that the company is investing some 20 million euros in the new factory, which covers 20,000 sq m and will have some 90 employees. The factory will have a capacity of approximately 30,000 tons of cables across 30 production lines. It will deploy cutting-edge, highly automated machinery and production lines, allowing for maximum efficiency and scalability.

The industrial park, located in North Macedonia near the highway, railway station and airport, will apply cutting-edge technology and sustainable manufacturing practices. The decision to build the plant stemmed from an assessment of the sales potential for the low-voltage cables (signal, control and instrumentation) in the region and throughout Europe as being significantly greater than our current production capabilities.

The factory will be part of the IT Cables Group, which has more than 400 employees and sells its products in more than 50 countries worldwide. The Group has a distribution network through its subsidiaries in Lithuania (TT Cables Nordic UAB), Austria (TT Cables GmbH Austria), Croatia (TT Kabeli doo Croatia), Serbia (TT Kabeli doo Serbia), Bosnia and Herzegovina (TT Kabeli doo Bosna and Herzegovina), and the next factory in North Macedonia (Kabeks Kables dooel - TT Kabeli Macedonia).

The TT Group, founded in 2007, is based in Široki Brijeg (Bosnia and Herzegovina) where its head office is located as well as its production facilities.

“We are looking forward to the opening of the new factory, which we believe will serve as a stepping-stone for our ambitious plans in the future,” the release said. It added that construction work and machine orders are already underway, and that the new factory is expected to open in the second half of this year, “ushering in a new chapter and era for the entire TT Cables Group.”