Odelo Bulgaria, a manufacturer of car lights, part of the Turkish Bayraktarlar Holding, opened its second factory near Plovdiv. After the company started serial production for Mercedes and other major car companies in 2019, in April 2022 it began production of spare parts for the car lights in a second factory in Plovdiv.
Thus, after increasing its revenue to nearly BGN 49 million in 2021, the company expects to add another 70% to its turnover this year. With the construction of the new factory, Odelo practically splits the production of car lights, with the first building keeping the serial production, and the second building being dedicated to spare parts. The company also plans to build a third factory to provide the necessary electronic components for their products.
Odelo exports mainly to Europe, but since the beginning of this year there are also direct exports to China and the USA. The company works mainly for the “big three” car manufacturers – Mercedes, BMW and Audi, making car lights for all models and brands in these groups. This includes BMW’s Mini and Rolls-Royce, Daimler’s Mercedes and Smart, as well as the largest Volkswagen Group – Audi, Volkswagen, Porsche, Lamborghini, Bentley, Skoda and SEAT.
The company is also considering using green energy. “We are trying to take advantage of the incentive measures offered by the Bulgarian government and European funds. We are currently researching the possibility of purchasing and installing our own solar panels on the roofs of the two factories,” Dimo Nikolov – Human Resources Manager at Odelo – told Capital.