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Bulgaria's Teletek Electronics to invest 7.2 mln euro in new production facility - econ min

Bulgaria's Teletek Electronics to invest 7.2 mln euro in new production facility - econ min Photo: LinkedIn

SOFIA (Bulgaria), 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)

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