# Magna to open new factory in Shtip, North Macedonia

Magna International Inc. will open a new factory in the Technological-Industrial Development Zone in Shtip, North Macedonia. Test production is scheduled for 2023 and serial production for H1 2024.

- Type: New facility
- Announced: 2023-01-17
- Where: Shtip, North Macedonia
- Value: $43.4M (40.0M EUR)
- Jobs: 600
- Starts operating: Q1 2024
- Status: announced
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md)

## Sources

- [marklines.com](https://www.marklines.com/en/news/281790), 2023-01-17: "Magna will open a new factory in the Technological-Industrial Development Zone in Shtip."
- [archive.cij.world](https://archive.cij.world/magna-will-open-newfactory-in-north-macedonia/), 2023-01-19: "The new factory, located near the eastern city of Stip, is expected to create 600 jobs in the first phase."

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