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Balkan Agricultural to invest 14 mln euro in Trakia Economic Zone

Balkan Agricultural to invest 14 mln euro in Trakia Economic Zone Tony/CC BY-ND 2.0

SOFIA (Bulgaria), May 23 (SeeNews) - Bulgarian fruit and vegetable processing company Balkan Agricultural will invest 14 million euro ($15.5 million) in the construction of new storage and production bases in Trakia Economic Zone (TMZ), Plamen Panchev, executive director of TMZ, has said.

Balkan Agricultural will invest some 4 million euro in the construction of a logistics centre and a storage facility for raw fruits and vegetables, while the remaining 10 million euro will be used to build a factory for production of fruit and vegetable puree concentrates, Panchev said in a press release on Wednesday.

The storage and production facilities will spread on 55,000 sq m and 45,000 sq m, respectively, in the village of Kalekovets, in the southern Plovdiv region, which has the highest number of registered fruit and vegetable growers in Bulgaria.

This will be Balkan Agricultural's second production facility in the country. The company's first plant is located near Pazardzhik city, in southern Bulgaria.

Balkan Agricultural, established in 2007, is specialized in the processing of tomatoes. Its processing capacity of 700 tons of raw material make it the largest company of this kind in Bulgaria.

($ = 0.89743 euro)