Tesla supplier invests in Plovdiv
Company for the production of aluminium profiles for the automotive industry is the newest investor in Plovdiv. The investment of over EUR 35 million belongs to Shanghai Unison Aluminum Products and will take place on the territory of the Trakia Economic Zone. The factory is expected to open within a year and will ensure between […]
Electric vehicle manufacturer with new investment in Plovdiv
Milara International will invest over USD 22 million in a new factory for electric vehicle manufacturing and, in particular, small cargo e-vehicles with an alternative drive. The R&D behind the product was carried out entirely by Bulgarian engineers, says Krasimir Petkov, CEO of Milara International. He also shared with Bloomberg TV Bulgaria, the company’s ambition […]
Plovdiv – fastest growing economic center in Bulgaria
Plovdiv and the region are first in terms of growth of added value for the period 2012-2021 with 113,4%, according to Institute of Market Economy’s report Economic Centers of Bulgaria – 2023. According to data from the Nationals Statistics Institute, the Plovdiv-Maritsa-Rakovski economic center saw over BGN 20 billion in output, or BGN 36.4 thousand […]
Plovdiv’s e-bike production continues to grow
For 2022, a total of 834 thousand conventional and electric bicycles were exported from Bulgaria. German company Technibike has decided to transfer the production of electric bicycles to the Plovdiv-based company Leader-96, says Capital. The company’s models HoheAcht, PYRO and Cooper Bikes are already in production at the new plant of the subsidiary “E-velox”, which […]
Plovdiv becomes the first innovation valley in Bulgaria
Plovdiv will become the home of the first regional innovation valley in Bulgaria this October. It will operate in the field of bioeconomy and food and will be one of hundred similar structures in the entire European Union. This was announced by the new Bulgarian European Commissioner Iliana Ivanova and Prime Minister Academician Nikolay Denkov […]
Bulgaria’s economy on the rise even during the crisis
The German media Handelsblatt published an article in which it highlighted a number of advantages of Bulgaria, which stood out especially after the chaos in the supply chains in Europe. Germany and Bulgaria – a successful example of nearshoring In the article, the German media tells in detail about the successes of the Trakia Economic […]
Sensata Technologies Plovdiv – the center of innovations in the automotive industry
With the development of electromobility and the new manufacturing needs in the automotive industry, the industry is introducing a number of new technologies that require high production capacity, talent and an organizational culture that drives continuous improvement. A clear example of pioneering in this direction is the global giant Sensata Technologies, whose office in Bulgaria […]
Manufacturer of lab-made diamonds with application in the semiconductor industry shows interest in Plovdiv
The CEO of the Turkish company Appsilon Enterprise Taylan Erol met with the Deputy Mayor Stefan Stoyanov. The company is a start-up that produces diamonds in laboratory conditions, with applications in a number of industries, including the manufacture of chips and quantum sensors. This is the second meeting between the two sides after Stoyanov’s participation […]
Capital: Plovdiv companies are among the leaders in revenue growth for 2022 in the machinery and equipment sector
Overall, three-quarters of the companies in the top 40 [for the country] are growing at double-digit rates in 2022, with only 3 reporting a slight decline in revenue. Highlights Missing from the ranking are large companies such as the manufacturers of automotive components “Costal Bulgaria Automotive”, “Teklas – Bulgaria” and “Yazaki Bulgaria”, which did not […]
Schneider Electric Bulgaria welcomed the Minister of Innovation and Growth at their Smart Factory in Plovdiv
Ms. Milena Stoycheva, Minister of Innovation and Growth was welcomed at Schneider Electric’s Smart Factory in Plovdiv, which is the company’s first and only Smart Factory in Eastern Europe. The company’s local Plant Manager Mr. Martin Yordanov shared with the Minister of Innovation and Growth exciting information about their ongoing expansion of 3000sq.m. that is […]