December 14 (SeeNews) - The Bulgarian government has approved a memorandum of understanding with Schneider Electric Bulgaria for a project worth 107 million levs ($59.8 million/54.7 million euro) to build a new smart manufacturing centre, incorporating renewable energy sources and expanding existing facilities near Plovdiv.
The facility will be the first of its kind in Central and Eastern Europe and will create at least 105 new jobs, the cabinet said in a press release after a regular session on Thursday.
The investment is a separate project from the recently completed expansion of Schneider Electric Bulgaria's smart factory in the Trakia Economic Zone near Plovdiv, a company spokesperson told SeeNews. Additional information about the latest project will be disclosed once crucial details are clarified, the spokesperson added.
Earlier in December, Schneider Electric Bulgaria, part of French energy management and automation corporation Schneider Electric, unveiled a 1.8 million euro geothermal heating and cooling system at the recently expanded smart factory.
(1 euro = 1.95583 levs)