SKOPJE, Aug. 26 (Xinhua) -- Ukraine's company Energia Ltd which makes water treatment equipments with innovative technologies, on Tuesday signed a deal to invest 18 million U. S. dollars to build a plant in Macedonia, local media reported.
Energia chose to relocate its Kiev plant to Macedonia and will shut down the old one as soon as Macedonian one is built up, MIA, Macedonia's official news agency, reported.
The company aims to market its products throughout Europe, Energia general manager Andrey Konashkov said after signing the agreement with Macedonian director of the Directorate for Industrial Zones Viktor Mizo and Klime Shekerovski, the deputy director of the Macedonian Agency for Foreign Investments and Export Promotion.
The construction of Energia's plant occupying 8 hectares will start from next April in the Skopje 2 industrial zone, near Macedonian capital.
The total volume of annual production is expected to reach 20 million euros (26.4 million U. S. dollars) once it has been completed and all the products are exclusively for export.
Energia learned the investment opportunity during Macedonian investment road show presentation in Kiev in 2009 and after a five-year negotiation Energia announced its decision of relocating its plant in April of 2014.