INVESTMENT NEWS
VOSS Automotive to start car parts production in Bulgaria - Region of Lovech
Germany's VOSS Automotive will start production of car parts in Bahovitsa Industrial Park, near the Bulgarian city of Lovech, the Regional Government said. The region has long-standing traditions in the automotive industry.
The German car parts manufacturer has already signed a long-term agreement for the lease of 12,225 sq. m. of the automotive production site located in the industrial park, the Lovech Regional Government said in a statement.
VOSS Automotive will create 1,000 jobs in the Region of Lovech, with production expected to commence in the second quarter of 2019. In Bulgaria, the company will mainly manufacture components for passenger cars, according to the statement.
VOSS Automotive specialises in the production of fuel and coolant lines and fittings, quick connector systems, thermal management lines and fittings, and other components.
Source: Lovech Municipality
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