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Teklas Bulgaria to invest 5.1 mln euro in production expansion, new warehouse

Teklas Bulgaria to invest 5.1 mln euro in production expansion, new warehouse Photo: Kalin Kamenov / All rights reserved.

SOFIA (Bulgaria), July 27 (SeeNews) - Automotive rubber products maker Teklas Bulgaria, a wholly-owned unit of Turkey's Teklas Kaucuk Sanayi ve Ticaret, will invest 10 million levs ($6 million/5.1 million euro) in production expansion and the construction of an automated warehouse for storage of finished products, the economy ministry said on Tuesday.

The investment will create 30 new jobs at Teklas Bulgaria's plant in the town of Vratsa, in northwestern Bulgaria, the economy ministry said in a statement.

In 2019, the economy ministry said that Teklas Bulgaria is investing 22 million levs in a new manufacturing plant in Vratsa. The investment will create 500 jobs, the ministry said at the time.

(1 euro = 1.95583 levs)

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