The first sod of one of the most significant projects for Plovdiv’s economy – BTL Industries’s new factory – was officiated on 07.07.2021.
The world leader in the development, production and trade of high-tech electronic medical equipment invests over BGN 20 million, which will contribute to the development of the new Bulgarian industry and will create 500 jobs. BTL also plans to open a new RnD center in Plovdiv.
The new facility with a built-up area of over 25,000 sq.m. will carry the production of the full portfolio of modern medical equipment of BTL Industries. The construction of the factory is expected to be completed in the first quarter of 2023. Through serious financial investment, the company will increase its production capacity in Bulgaria and will prepare products for export to over 110 countries on 6 continents.
The official guests congratulated BTL Industries for the large-scale initiative and entrepreneurial spirit, and thanked the local authorities for their support in launching the unique project for the city. Mr. Petkov, CEO of BTL, thanked the company’s employees, whose efforts over the years helped realize this investment.
The event attended Ms. Yana Balnikova – Deputy Minister of Economy, PhD Lukasz Kaucki – Ambassador of the Czech Republic, Mr. Stamen Yanev – Executive Director of the Invest Bulgaria Agency, Mr. Stefan Stoyanov – Deputy Mayor “Education, Business Development and European Policies” and Georgi Petkov – CEO of BTL Industries.
In the end of 2019 BTL Industries received a certificate for investment class “A” – the first of its kind for the city of Plovdiv, with the help of the local Municipality, for the construction of their new production base. In October 2020, under the IPA, the Ministry of Economy granted a targeted subsidy of BGN 1.02 million for the construction of road infrastructure to improve transport connectivity in the area of the new base. The construction of the road infrastructure is a commitment of the Municipality of Plovdiv, as the project includes reconstruction of part of Vladaya Street and the connection with Maritsa Blvd. according to the plan of the Multifunctional Zone East.
About BTL Industries
BTL Industries is among the global leaders in the development, production and marketing of high-tech medical equipment. The company has been developing successfully for 20 years on the Bulgarian market. Its production base is located in Plovdiv, where over 210 people currently work. BTL also has an R&D center in Sofia with 30 employees, with plans to open a new one in Plovdiv. The company manufactures equipment in 3 main areas – physiotherapy, cardiology and aesthetic medicine, and its products are available in more than 120 countries on 6 continents.