INVESTMENT NEWS
WITTE Automotive opened the new plant in Bulgaria
Photo: witte-automotive.bg
Mr. Rosen Plevneliev, President of Bulgaria together with Dr. Manfred Pueschel, Chairman of the Advisory Board of WITTE Automotive GmbH, opened officially a new production facility in Bulgaria.
“I am President but I am also an engineer and I have to say that this plant is a very important achievement not only for Ruse but for Bulgaria”, President Plevneliev declared in his opening speech. Dr. Pueschel proudly praised: “On 10th of October 2013, we met here for the laying of the foundation stone. Today, only one year later, we are celebrating the official opening of the most modern plant of WITTE Automotive covering an area of 15,000 square meters and that inclusive the logistics infrastructure.”
The amount of investment will reach approx. 10 million euro till the end of the year 2015. WITTE as one of the leading producers of locking systems for the automotive industry supplies especially its customers from Southeastern Europe from the Bulgarian plant.
The Bulgarian plant started in May 2010 in rented industrial premises. Manufacturing began with three machines and six employees. Already after one year the number of employees in the factory has reached 51 and in May 2012 the company doubled this number and welcomed its hundredth employee. The production with many new products increased the same way and the turnover exceeded 10 million EUR. According to the global growth strategy of the WITTE Group an increase in both the turnover and the number of employees is expected in 2014.
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