September 16 (SeeNews) - Zurich-headquartered power and automation company ABB said that it will open a new production plant in Bulgaria this month - its fifth in the country.
The new plant will be located in the town of Petrich, where ABB already has one operational plant, the company said in a statement last week.
In addition, ABB completed earlier this month the modernisation of its plant in Sevlievo.
ABB Bulgaria currently has four production bases and a turbocharger service centre. It employs over 2,800 people in the country. ABB’s first production unit in Petrich was built in 1996 on a total area of 5,000 sq.m. It produces low-voltage control products and DIN rail mounted products.
ABB Bulgaria booked sales of 287.1 million levs ($162.5 million/146.8 million euro) last year and posted a net profit of 16.7 million levs.
(1 euro = 1.95583 levs)