Bulgaria's ZS Europe putting 9.7 mln euro into new plant

The facility, which will be located in the Trakia Economic Zone near the second-largest city of Plovdiv, will manufacture aluminium parts for the automotive industry and is expected to create 100 jobs, the ministry said in a press release.

"This project is a serious step forward in the development of Bulgarian-Chinese economic relations and the location for its implementation - Plovdiv - has proven to be an attractive centre for investments. This is shown by the four projects that the ministry of innovation and growth certified in 2023 in the region, with a total value of nearly 135 million levs and the creation of over 330 jobs," caretaker deputy minister of innovation Krasimir Yakimov said.

Sofia-based ZS Europe is specialised in the research, development and production of aluminium and automotive parts, along with trade of goods and technologies.

In March, the business development unit at Plovdiv municipality said that ZS Europe's Chinese parent company is investing over 35 million euro ($38.1 million) in a new plant in the Trakia Economic Zone.

(1 euro = 1.95583 levs)