SOFIA (Bulgaria), March 31 (SeeNews) – Bulgarian automotive cabling systems maker Elektrokabel Bulgaria, part of Nexans Group, plans to invest 4 million euro ($4.3 million) over the next three years in its new plant in Pleven, the country's economy ministry said on Tuesday after the formal commissioning of the facility.
The plant, which started operations at the beginning of the year, has a 5,000 sq m footprint that would be doubled. The personnel is expected to expand from 70 to 230 people by the end of 2015, the ministry said in a press release.
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Pleven is located in northern Bulgaria.
Nexans Group has an industrial presence in 40 countries and commercial activities worldwide, employing close to 26,000 people.
($=0.9206 euro)