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