Text size

German automotive supplier to invest in Pleven plant

published on 3/2/24 7:10 AM

The German company Kayser Automotive will invest in a production facility for components such as piping systems, valves and tank parts in Pleven, Bulgarian Property Developments (BPD) said. The amount of the investment was not disclosed. The factory covers 5,269 sq m and can be expanded by a further 5,000 sq m. It consists of a production hall, a warehouse and an administrative area with offices and a technical maintenance area.

The company began operations in 1709 as a woollen cloth and clothing fabric factory. In 1928 its assets were sold to the ancestors of the current owner and in 1960 it entered the automotive supply industry. Today, the German investor has 12 factories and offices around the world. It also has subsidiaries in the USA, Mexico, Poland, Hungary, Spain, China, India and Japan.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy investment Kayser Automotive Pleven

More from category

Bulgaria and Argentina take new steps in their trade cooperation

Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..

published on 11/5/24 11:49 AM

Employers want the Supreme Administrative Court to freeze the minimum wage

Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...

published on 11/5/24 11:41 AM

Jesus Caballero grabs Manager of the Year Award for 2024

If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...

published on 11/5/24 9:54 AM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: -4 | Max: 16

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..

published on 11/21/24 5:30 PM

Share