Plovdiv-based bicycle manufacturer MaxCom has announced the construction of a new plant in partnership with Austrian giant Pierer Group, a leading manufacturer of motorcycles – part of which are KTM, Husqvarna and GasGas. This investment will put the Bulgarian manufacturer at the forefront of the niche for the production of electric bicycles in the EU.
“Maxcom’s CEO said he expects [the company’s] exports to reach 5 billion euros over the next 10 years,” said Economy Minister Kiril Petkov. “If even 15% of the companies in Bulgaria achieve this success, the country’s economy will double … this is the model for Bulgaria and we see it clearly here” he added.
The investment foresees the construction of a factory for electric bicycles and other two-wheeled electric vehicles in Plovdiv, which will give a strong boost to both the local economy and the new Bulgarian industry.
More about MaxCom
Maxcom was established in 1996 and is one of the largest bicycle manufacturers in Europe. In 2001 they celebrated their first export of bicycles to the EU countries, and since then over 95% of all their products are sold in these markets.
More about Pierer Group – KTM, Husqvarna и GasGas
International leaders in the manufacturing and distribution of motorcycles, bicycles and electric bicycles, as well as spare parts for them. For four years in a row, KTM is the largest manufacturer of motorcycles in Europe, and subsequently entered the market for bicycles and electric bicycles. The company sold over 200,000 bicycles in 2012 alone.