June 28 (SeeNews) - Bulgaria's economy ministry said on Thursday that Odelo Farba Bulgaria, a unit of Turkey's Bayraktarlar Group, has broken ground for a 40.6 million euro ($47.0 million) plant in Plovdiv, which will manufacture headlights for Mercedes-Benz vehicles.
The investment project includes three production units which will create 400 jobs, the economy ministry said in a statement.
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The plant will be built on a 23,000 square metre land plot, according to the statement.
Odelo Farba Bulgaria is a wholly-owned subsidiary of Turkey's Farba Otomotiv Aydinlatma Ve Plastik Fabrikalari, part of Bayraktarlar Group.
($ = 0.8631 euro)