Austrotherm Bulgaria investing 1.5 mln euro in warehouse expansion

The plant upgrade, slated for completion in the last quarter of 2024, will improve the storage and dispatch of finished products, Austrotherm Bulgaria said in a press release.

"The investment we are launching today will allow Austrotherm Bulgaria to strengthen its leadership position as the most sustainable producer of thermal insulation on the Bulgarian market," Austrotherm Bulgaria manager Diana Chobanova said.

The company makes thermal and noise insulation products, including expanded and extruded polystyrene thermal insulation boards, as well as architectural details and elements at its two factories in Sofia and the eastern town of Aytos.

Austrotherm Group is a family-owned company with a total of 26 factories in Austria, Bosnia and Herzegovina, Bulgaria, Germany, Croatia, Poland, Romania, Serbia, Slovakia, the Czech Republic, Hungary and Turkey. In 2022, the company booked revenue of 627 million euro ($680.4 million).

(1 euro = 1.95583 levs)