Bulgarian Machine Building Plant Invests to Boost Production Capacity
The "Dynamo" factory in the Southern Bulgarian city of Sliven, a leading producer in the automotive and machine-building industries, plans to invest over BGN 0.
The Bulgarian “Dynamo” factory in the Southern city of Sliven exports high-quality generators for the US, their PR company Image Advertising informs.
The DEA 450 generator can function during extreme weather conditions and is effective in buses, fire trucks and military vehicles with high-power diesel engines and high electric consumption. The DEA 450 has received in 2007 a gold medal from the Plovdiv International Technology Fair.
Currently “Dynamo” sells over 90% of its production on international markets, of which 80% outside the EU – Russia and the US.
Despite the fact that the factory is without competition in Eastern Europe, it has been hurt by disloyal competition of China products, the company notes.
In addition, a Russian company has started a legal procedure to declare the Bulgarian factory insolvent. The Director of “Dynamo”, Dimitar Kolev, says the claim has been filed without warning and describes it as racket, pointing out this predecessor, who has been fired for embezzlement, is among the claimants.
Kolev states he expects an increase of 30% of the sales on the local market for 2010, adding in the next few days the factory will begin making wind generators to be used in residencies and family farms.
3 months ago, “Dynamo” introduced its new production of time-circuits for the automobile industry and the repair equipment Аvantеchno 611.
The management explains the global crisis is working in their favor over the use of old equipment that needs more repairs and spare parts.
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