ABB Opens New Factory Plant In Petrich Creating 420 Jobs

The industrial giant ABB opens its newest plant in Bulgaria on September 17th. The new facility is the company’s second investment in Petrich and the fifth manufacturing facility in the country, Automotive Cluster Bulgaria reports.

In the factory, located on 7400 sq.m. area, low voltage products will be manufactured and delivered to the company’s plants in Germany and Switzerland. The investment is worth about BGN 7 million. The facility, which is located next to the city’s first base, will employ 420 people when full speed starts.

The facility will include a production hall with an area of ​​3,500 square meters, an administrative part with an area of ​​1,500 square meters, as well as 2,400 square meters areas for logistics and dispatch for the distribution of manufactured articles. It will perform activities such as welding, pre-assembly, final assembly and testing, divided into manual and semi-automated operations.

ABB also has two plants in Rakovski and a production unit in Sevlievo. ABB has a development centre for step-up regulators for transformers in Sofia.

Read More

Bulgarian 2018 Budget Likely To End In Surplis

Bulgaria's finance minister Vladislav Goranov said on Tuesday that the country is likely to end the year with a balanced budget or a surplus,...

Mariya Gabriel: In One Year 9 Out Of 10 Jobs Will Require Computer Literacy

Just a year from now - 90% of jobs will require digital skills. This was what Commissioner Mariya Gabriel said at the BNT conference...

Fitch Revises Bulgaria’s Outlook to Stable; Affirms at ‘BBB’

Fitch Ratings has revised the Outlook on Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Positive and affirmed the rating...

Recent

85% Of Graduates In Bulgaria Find A Job Withing 1 Year

Nearly 85% of graduates in Bulgaria aged 20-34, who graduated last year, have found a job and have successfully acquired the knowledge, show data from...

Neo London Plans $10 Million Listing On Bulgarian Stock Exchange

The Bulgarian Stock Exchange said on Thursday that it has received a request for admission to trading of local Neo London Capital's ...

Second Day Of Big Easter Holidays Begins

The second day of the great trip. After yesterday evening, today is again expected increased traffic on the country's roads.