06 December 2012

ABB to build new $23 million factory in Bulgaria, Employ around 600 people

- Second major investment by ABB in the Plovdiv region 
- Factory scheduled to be operational by the end of 2013 
- ABB operates in Bulgaria through three companies in five locations 

Sofia - 06 December 2012 – ABB, the leading power and automation technology group, plans to invest about $23 million to build its second greenfield factory in Bulgaria. The new facility will sustain ABB’s strong growth in the power and automation business and meet future demand in Europe. 

The factory in the Plovdiv area will act as an internal ABB supplier of low voltage control and medium voltage products. When fully operational, it will employ around 600 people. 

For Peter Simon, Country Manager of ABB in Bulgaria, the investment underlines the value of Bulgaria as a base for efficient manufacturing: “We are pleased to continue the development of ABB in Bulgaria and to bring international expertise and new jobs to the region.” 

The groundbreaking ceremony, marking the start of the construction work for the new factory, takes place on December 6, 2012 in the presence of H.E. Mr. Rosen Plevneliev, President of Bulgaria. 

The production unit will be built on a total area of about 15,000 square meters and it is scheduled to be operational by the end of 2013.This is the second major investment by ABB in the Plovdiv region. The first greenfield factory was built in 2009 and now employs over 700 people. 

ABB operates in Bulgaria through three companies in five locations.. The three ABB production units in the country are located in Petrich, Sevlievo and Rakovski. The new greenfield investment will become the fourth ABB factory in Bulgaria. It will bring the total number of ABB employees in Bulgaria to 1,800

ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people. 

Source: InvestBulgaria Agency