July 26 (SeeNews) - Kostal Bulgaria Automotive, a unit of German car parts maker Kostal, will open a new factory in Bulgaria, its third in the Balkan country.
The factory in the town of Pazardzhik, in southern Bulgaria, will manufacture high-tech automotive components, Kostal Bulgaria said in a press release.
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The new production facility, to open on August 1, is part of Kostal's strategy to expand its production capacity in order to satisfy demand on the European market.
Kostal was established in 1912 in the German town of Ludenscheid. The company has 46 production facilities in 21 countries.