October 7 (SeeNews) - Bulgarian manufacturer of security and fire alarm systems Teletek Electronics will invest 14 million levs ($8.3 million/7.2 million euro) in the construction of a production building in Sofia, the economy ministry said.
The investment project will create 17 new jobs at the company, the ministry said in a statement on Wednesday.
The new production facility will include a warehouse and an office.
Sofia-based Teletek Electronics, founded in 1991, employs more than 130 people and exports its products to 75 countries. The company works with two hi-tech SMD lines consisting of DEK Ela screen, PHILIPS Topaz-X Pick and Place machines and ERSA Hotflow5 oven. according to information published on the company's LinkedIn profile.
With capability of placing over 30,000 components per hour, the pick-and-place machines enable the company's engineers to mount fine pitch components, BGA components and micro BGA components as well as double-sided reflow soldering.
Information published on Teletek Electronics' website shows that the company offers intruder alarm and fire alarm solutions as well as monitoring and software services.
(1 euro = 1.95583 levs)