This month, we marked by the opening our new subsidiary in Turkey, as we continue to expand our global presence in line with our long-term strategy and vision.
This move reflects our commitment to being closer to our clients and enhancing responsiveness. We are convinced of the significance of local presence and being closer to our clients which enables us to better understand their requirements and respond quickly.
This expansion comes as a natural progression of recent developments across our Group. Following the successful launch of our second low voltage cable production facility in North Macedonia, we are getting ready to open a new plant in Croatia next year that will specialize in medium and high voltage cables. Upon completion of these projects, we will be able to produce a full range of cable products, from low to high voltage.
With this expansion, TT Cables Group is now officially registered in eight countries, including factories in Bosnia and Herzegovina, North Macedonia, and Croatia, as well as subsidiaries in Lithuania, Austria, Serbia, Romania, and now Turkey.