According to reports, Kemet Electronics announced the official opening of its second factory in North Macedonia.

The report pointed out that the new factory is located near the country's capital Skopje, with an investment of 23 million euros and is expected to create as many as 360 new jobs.

Kemet's first North Macedonia factory produces capacitors for the automotive industry and various other industrial applications. The plant currently employs 400 people. However, medium-term plans for the plant will increase to 500, 600, and then 700.