You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's Agropolychim to invest 13.2 mln euro in capacity expansion

Author Mario Tanev
Bulgaria's Agropolychim to invest 13.2 mln euro in capacity expansion Photo: Ministry of Economy / All rights reserved.

SOFIA (Bulgaria), July 22 (SeeNews) - Bulgarian nitrogen and phosphorus fertilizers producer Agropolychim will invest 25.89 million levs ($14.8 million/13.2 million euro) in expanding the capacity of its ammonia storage facility in the town of Devnya, the economy ministry said on Monday.

The new facilities are expected to become operational in July 2020, the ministry said in a statement, upon awarding the company with a Class A investment certificate for the project.

The investment will result in 12 new jobs.

Holders of Class A investment certificates benefit from shorter terms for administrative services and individual administrative services, financial aid for construction of technical infrastructure elements, etc.

Agropolychim currently employs nearly 1,000 people, according to data from its website.

(1 euro = 1.95583 levs)

Compare