Skopje, 11 November 2025 (MIA) - Company "Kostal" will continue its investment cycle in the Ohrid-based facility by infusing EUR 30 million and opening 200 new jobs in 2026.

Prime Minister Hristijan Mickoski met today with "Kostal" automotive division CEO Kai Knickmann and "Kostal Macedonia" CEO Viktor Mizo, expressing his satisfaction that the company will increase its production portfolio.

"This is a family company with a long-standing tradition. Their turnover in 2024 is about EUR 3.5 billion, which is significant. Their goals here in Macedonia are impressive - 200 new jobs, turnover exceeding EUR 300 million - and the Government is absolutely here to help the realization of these objectives," said PM Mickoski.

Kostal's Knickmann said that after nine years of continued success, Kostal is launching the next phase of its expansion.

"We are currently projecting a 60-percent increase of revenue compared to last year, and this gives us the opportunity to invest into our Macedonian facility. In 2026, we're launching a new cycle of investments, which we foresee to be in the region of EUR 30 million. That means new investments will bring new products, a further increase of about 20 percent of revenue in the next year and a bigger workforce," said Knickmann.

Kostal currently employs about 1,200 people, with additional 200 jobs set to open in 2026, which Knickmann said was "another bold move in our joint success story here in Macedonia".

Mizo said that Kostal would continue to invest and develop in Ohrid, despite the stagnating European market and the automotive industry,

"Nevertheless, we have decided to invest a further EUR 30 million next year, thus expanding our portfolio with new clients and products. We are also planning to have a turnover exceeding EUR 300 million by 2027," noted Mizo and added this would make the company one of the country's top three exporters.

Photo: Government