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Bulgaria
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Fortenova sells agri unit to Podravka for 333 mln euro
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Bulgaria's AQ Electric invests 5.3 mln euro in new plant

Feb 9, 2024, 3:50:43 PMArticle by Mihaela Miteva
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February 9 (SeeNews) - Bulgarian electrical panels and metal components manufacturer AQ Electric, part of Sweden's AQ Group, is investing 10.4 million levs ($5.7 million/5.3 million euro) in a new factory in the western city of Pernik, the innovation ministry said on Friday.

Bulgaria's AQ Electric invests 5.3 mln euro in new plant
Image source: AQ Electric's Facebook profile

The plant will make end products for electrical equipment designed for renewable energy sources and power transmission for leading global companies, the innovation ministry said in a press release.

The project is set to expand AQ Electric's operations and create 170 new jobs.

"We have purchased new machinery and will continue to invest in new equipment," AQ Electric CEO Emil Nikolov said.

AQ Electric specialises in designing and manufacturing electrical panels and complex metal components for industrial clients. With production sites across Radomir, Pernik and Kyustendil totalling 50,000 square metres, the company employs over 1,200 staff.

(1 euro = 1.95583 levs)

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