# Lear Corporation and Normak Investment Group invest EUR 15M in Tetovo plant

Lear Corporation and Normak Investment Group held a cornerstone-laying ceremony for a second investment cycle at their joint facility in the Tetovo technological industrial development zone, North Macedonia. The EUR 15 million investment is expected to create 1,000 to 1,200 new jobs, with completion targeted by November 2021.

- Type: Expansion
- Announced: 2021-05-07
- Where: Tetovo, North Macedonia
- Value: $18.0M (15.0M EUR)
- Jobs: 1,200
- Starts operating: Nov 2021
- Status: under construction
- Products: automotive seating, electrical distribution systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lear Corporation](https://endata.com/companies/1874.md)
- [Normak Investment Group](https://endata.com/companies/54973.md) (partner)

## Sources

- [investnorthmacedonia.gov.mk](https://investnorthmacedonia.gov.mk/us-lear-and-normak-investment-group-announced-new-investment-worth-15-million-euros/), 2021-05-07: "By November 2021, I expect the second phase to be completed and that will mean new 1,000 to 1,200 jobs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.