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

Bulgarian government approves a €120m solar panel project with Smart Solar Technologies AD

The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..

published on 8/21/24 2:40 PM

Families are taking out more quick loans to cover consumer expenses

For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..

published on 8/19/24 8:50 AM

Natural gas prices are expected to decrease by 2% in September

Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..

published on 8/17/24 2:47 PM

WEATHER

Pick city: Sofía

Thunderstorms
Min: 14 | Max: 19

BULGARIA IN PICTURES

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

Construction of the Hemus Motorway has been going on for half a century

On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and..

published on 10/4/24 1:29 PM

Tourism minister calls for efforts for all-year-round tourism in Bulgaria

2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of..

published on 10/4/24 11:17 AM

Share