SOFIA (Bulgaria), October 24 (SeeNews) – Kaolin, the wholly-owned Bulgarian subsidiary of Germany’s Quarzwerke GmbH, plans to invest 100 million levs ($55.63 million/51.09 million euro) in the next 5 years in a new processing plant and an upgrade of three existing ones.
The investment will enable the manufacturing of new products alongside the current product range, the company told SeeNews in an email on Monday.
The new kaolin and silica sand processing plant will be located in the region of Dulovo, in northeastern Bulgaria. Three other plants, located in the towns of Senovo, Vetovo and Kaolinovo, will undergo modernization works.
Kaolin is a mineral extracting and processing company, which offers a number of products, including kaolin, feldspar, limestone, silica sand and others.
(1 euro=1.95583 levs)