INVESTMENT NEWS
Odelo Bulgaria opened a new plant in the Industrial Zone near Plovdiv
Odelo Bulgaria Ltd. opened a new car lights production plant in the Industrial Zone near Plovdiv.
"I thank the Bulgarian workers, engineers and developers for bringing such investors with their good work and qualifications," said Prime Minister Boyko Borissov at the opening ceremony. It focuses on the established industrial zones in Bulgaria, which fill up extremely quickly.
Odelo Bulgaria Ltd. is a company engaged in the production of lighting for the automotive industry and is part of the Turkish holding of Bayraktar. The investment for the plant near Plovdiv is worth EUR 40 million, with an estimated 400 people expected to be employed by 2023. For its investment in the country, the company receives a Class A Investor Certificate from the Bulgarian Ministry of Economy.
Odelo Bulgaria Ltd. has recently opened a Development Center in Sofia, where nearly 40 engineers will be hired to design the front and rear lights for the automotive industry. The locations in Plovdiv and Sofia serve two interrelated activities - the design and manufacture of car lights.
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