Project Category
Project Category
Industrial development
Project Description
Project Description
IFC is considering a EUR 8 million investment to finance Key Safety Systems Inc.`s airbag cushion production plant in FYR of Macedonia. The project sponsor, Key Safety Systems Inc. (the "Company" or "Sponsor" or "KSS"), a US based leading global Tier I supplier of automotive safety systems and components, plans to launch production of airbag cushions in order to supply its European airbag production based in Romania. The investment plan consists of launching a Brownfield operation in early 2015, followed by a Greenfield operation in mid-2015.The initial phase of the investment is focused on airbag cushion manufacturing and will create 700-1,000 new jobs.
Country
Country
Macedonia
Our Reference Number
Our Reference Number
2001018150420
 
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