# Festo to invest $30.1m in third production unit in Bulgaria

Festo is planning to invest $30.1 million to build a stepper and motors production unit in Bulgaria, its third factory in the country, pending permits.

- Type: New facility
- Announced: 2018-05-22
- Where: Bulgaria, Bulgaria
- Value: $30.1M
- Status: announced
- Products: stepper motors, motors
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Festo](https://endata.com/companies/1097.md)

## Sources

- [archive.cij.world](https://archive.cij.world/festo-to-invest-30m-in-third-production-unit-in-bulgaria/), 2018-05-22: "Festo is planning to invest $30.1m to build a stepper and motors production unit in Bulgaria, its third factory in the country."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.