Germany's Dr. Schneider to Invest EUR 10 M in Car Parts Factory in Stara Zagora / Legal Services in Bulgaria

Germany's Dr. Schneider to Invest EUR 10 M in Car Parts Factory in Stara Zagora

by Sofia News Agency www.novinite.com

The German spare automobile parts producers Dr. Schneider intends to invest about EUR 10 M in the construction and opening of a new factory in the southern Bulgarian city of Stara Zagora. The company's representative Thomas Freundorfer has met with the Deputy Mayor of Stara Zagora Velizar Balabanov to discuss the opportunities for building the new factory, which is supposed to produce spare parts for some of the BMW models. The Dr. Schneider Group has asked the Stara Zagora Municipality to provide an appropriate plot of 7000 square meters for the construction of the new plant. About 500 persons, including highly-skilled laborers such as engineers, are expected to be employed in the new factory. According to the German investors, Stara Zagora was a good logistics center and had all necessary conditions for the successful development of their business. Stara Zagora's Deputy Mayor said the new factory could be built in the new industrial zone in the nearby Elenino village, which is located on a plot of 206 decares and is still under construction. Dr. Scheider expects to receive an offer for an appropriate terrain for their factory by mid October. The German company has factories in Austria, Germany, the Czech Republic, Brazil, and China among others. Its annual production is worth EUR 3 B.