June 14 (SeeNews) - Turbo Garant, the Bulgarian subsidiary of Belgium's Turbos Hoet Group, will open a remanufactured turbocharger plant near Sofia on June 15, an investment project worth 5.5 million levs ($3 million/2.8 million euro), the company said on Wednesday.
The plant located in the Bozhurishte Industrial Zone will rework all types of turbochargers for internal combustion engines - from those for passenger cars to turbines for heavy trucks and vessels, Turbo Garant said in a press release.
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The facility, which has a built-up area of 3,210 square metres, spreads over a land plot of 14,000 sq m. It employs 40 staff, with the Belgian investor expecting to double that number.
Turbos Hoet Group first announced the investment in August 2022.
The Belgian group claims to be the largest company in Europe active in the system repairs sector that helps increase the power of engines in vehicles, and in the distribution of new and recycled turbines. Turbos Hoet also has a large commercial vehicle dealer network, with 78 dealerships across eight countries, including Romania and Moldova.
(1 euro = 1.95583 levs)