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Dec 07, 2017 12:05 EEST
December 7 (SeeNews) - The Japanese car parts manufacturer Yazaki has opened its third factory in Bulgaria following investment of 50 million euro ($58.95 million), local media reported on Thursday.
The new factory is the company's largest in Bulgaria and will produce cable systems for the automobile industry, Capital Daily reported.
You can download the 2023 Automotive industry in Southeast Europe report here
The main customer of the new factory is Mercedez-Benz, the newspaper added.
The factory in Dimitrovgrad, in southern Bulgaria, is currently operating with 800 employees, with the number expected to increase to 1,000 by end-2017. The new factory is expected to employ more than 1,500 by the end of 2018 and a total of 3,000 in the long run.
Yazaki Bulgaria already operates two plants - in Yambol and Sliven, in the southeast of the country, with a staff of over 5,000.
In Southeastern Europe, Yazaki also operates plants in Romania, Croatia and Serbia.
($= 0.8481 euro)
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