Chinese Car Manufacturing Plant to Be Built in Bulgaria's Lovech

Business » INDUSTRY | April 29, 2009, Wednesday // 18:50
Bulgaria: Chinese Car Manufacturing Plant to Be Built in Bulgaria's Lovech

The City Coucil in the Northern Bulgarian city of Lovech has allocated a plot for the construction of a car factory.

The councilors have approved the sale of 430 decares worth BGN 273 000 to a Bulgarian firm which is going to produce cars in cooperation with a Chinese company.

The production of sports class automobiles is expected to start in the middle of 2010. The initial investments in the new plant are expected to be about EUR 80 M, and are later said to reach EUR 300 M.

The first sod for the construction of the new factory will be turned on May 11, 2009.

 

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Tags: car manufacture, Lovech

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