Draexlmaier to invest in Kosovo

Prishtinë, 14 July 2008 – Representatives of the German company Dräxlmaier committed to beginning a pilot production of electrical systems for automobiles in Kosovo in August, Kosovo Post reports.

Dräxlmaeir’s representative, Georg Scheidhammer, made the commitment to Kosovo’s Prime Minister Hashim Thaçi on July 2.

The pilot project will create 100 jobs. The plant will be located in Prishtina. Should the pilot project be successful Dräxlmaier will open a fulltime plant that will employ around 500 people.

Georg Scheidhammer was accompanied at the announcement by Germany’s ambassador in Kosovo, Hans-Dieter Steibach and Thaçi promised the support of his government.

PM Thaçi told reporters that he enticed Dräxelmaier by convincing the company that Kosovo is the most attractive country in the region for investment.

“Following the declaration of independence Kosovo is being offered many development projects, employment and general prosperity”, Thaçi said.

Dräxlmaier reported sales of close to 1.7bn euros in 2007 and has close to 37,000 employees on the payroll. The company boasts that in a world of mega corporations it is still a family business.

The Dräxlmaier Group has operations in 51 locations, in 20 countries, on four continents. The company has been operating for more than 50 years when it started out as two separate firms known as Lisa and Eldra.

ECIKS / Source: The Kosovo Post