Cefin Bulgaria Starts Construction of 2.1 Mln Euro Production Unit for Superstructure Elements

The plant, to be built on the western outskirts of the capital Sofia, will have a built up area of 2,100 square metres, Cefin Bulgaria said in a statement. The production unit is expected to be completed by next June and to become operational in September.

Cefin Bulgaria is part of Cefin Holding, which has been active in central and eastern Europe since 1995 and has created networks in Hungary, Romania and Bulgaria. It sells the Iveco, Irisbus and Farid brands in Bulgaria. Cefin entered the Bulgarian market in 2000 and since 2003 it has been manufacturing superstructure elements.

Cefin Bulgaria sees turnover rising to 52 million euro this year compared to 29.8 million in 2007.

($ = 0.7702 euro)