Новини
Austria's Palfinger investing 30 mln euro in new Bulgarian plant
Рубрика: Investments Източник: DnevnikPalfinger, the Austrian manufacturer of lifting, loading and handling systems, said it should complete the deployment of its second major investment in Bulgaria by the end of 2008.
The company has made significant headway in the construction of a new hydrocylinders factory in the village of Tenevo, in the Yambol region.
Palfinger launched its local operations eight years ago on the site of defence company Beta in Cherven Bryag, Northern Bulgaria.
In 2002, the Austrian company outsourced its hydrocylinders production to a workshop on the site of the former Sila machine-engineering plant in Tenevo.
The launch of the new hydrocylinders factory should double the output capacity, said Palfinger Bulgaria executive director Goran Starcevic.
The company opened a new 5 mln euro welding workshop in Cherven Bryag last year.
Palfinger has posted a 30% increase in sales from its Bulgarian operations in the past couple of years. Sales topped 55 mln euro in 2006 and should reach 64-65 mln euro this year, said Starcevic.(Dnevnik)