ABB Invests USD 20 M in New Factory in Bulgaria's Plovdiv

ABB Invests USD 20 M in New Factory in Bulgaria's Plovdiv

The new ABB factory in Bulgaria will be located in the Rakovski Industrial Zone. Photo by
The Swedish-Swiss-German concern ABB is investing USD 20 M in the construction of a new factory for low voltage automation and power products located in the Rakovski Industrial Zone close to the city of Plovdiv.

The ABB Manager for Central and Eastern Europe Peter Smiths, who turned the first sod of the new factory on Tuesday, announced that the plant was expended to start work on March 20, 2009, and to employ 500 persons.

He said also that this would be ABB's third factory in Bulgaria in addition to the other two located in the town of Sevlievo, and the town of Petrich. The new plant will be located on a plot of 20 000 square meters.

All of the production of the new factory will be exported. The plant will be constructed by the Plovdiv company Sienit Single Person Ltd, which is one of the co-owners of the Rakovski Industrial Zone. Some 50 to 80 workers will be employed for the construction.

The ABB (Asea Brown Boveri) is a multinational corporation based in Zurich, Switzerland, and specializing in the production of power and automation technology. It is one of the largest engineering companies, and conglomerates in the world.