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Factory for Chinese Cars to Be Built in Bulgaria's Lovech
Business | May 8, 2008, Thursday // 00:00
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The Bulgarian businessman Grisha Ganchev is the main investor in the new factory in the city of Lovech, which will produce Chinese cars, and will employ 2000 workers. (Sofia Photo Agency)
A factory for the assembling of Chinese cars of the Brilliance brand will be constructed in the northern Bulgarian city of Lovech, the Lovech Municipal Administration announced.
The factory will be built by the newly founded company Litex Motors, which has a capital of BGN 20 M.
The Lovech businessman Grisha Ganchev is the main investor in the company. His partner is Corporate Bank, which has a share of 8% in Litex Motors.
The company is going to produce cars and motorbikes, to trade with spare parts and fuels.
The cars produced in Lovech will be destined for the market in Bulgaria and the neighboring Balkan countries.
The new factory is expected to employ 2000 local people.
The factory will be built by the newly founded company Litex Motors, which has a capital of BGN 20 M.
The Lovech businessman Grisha Ganchev is the main investor in the company. His partner is Corporate Bank, which has a share of 8% in Litex Motors.
The company is going to produce cars and motorbikes, to trade with spare parts and fuels.
The cars produced in Lovech will be destined for the market in Bulgaria and the neighboring Balkan countries.
The new factory is expected to employ 2000 local people.
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