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Nov 15, 2017 18:16 EEST
November 15 (SeeNews) - Bulgaria's economy ministry said on Wednesday that producer of bathroom sanitary ware Ideal Standard-Vidima, a unit of Brussels-based Ideal Standard International, will invest 22 million levs ($13.3 million/11.24 million euro) in new equipment.
The investment will also include machinery for manufacturing a new line of products, the ministry said in a statement.
According to the statement, the company's sales revenues rose by 3% in 2017 compared to the previous year, mainly on the back of improving economic conditions, growth on the construction market and the company's innovative products.
The company employs over 3,100 in the country.
(1 euro = 1.95583 levs)
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