# Alcomet to increase capacity by 35% with €36 million investment in Shumen, Bulgaria

Alcomet, a Bulgarian aluminum products manufacturer, will increase capacity by over one third within two years through a €36 million investment program covering all three workshops and a new building. The company expects turnover to rise by nearly 50% and headcount to reach 1,000.

- Type: Expansion
- Announced: 2016-11-07
- Where: Shumen, Bulgaria, Bulgaria
- Value: $39.0M (36.0M EUR)
- Status: announced
- Capacity: 35 percent increase
- Products: aluminum sheet and plate, aluminum foil, extruded and rolled products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alcomet](https://endata.com/companies/19583.md)

## Sources

- [capital.bg](https://www.capital.bg/biznes/kompanii/2016/11/07/2858605_alkomet_uvelichava_kapaciteta_si_s_35_do_dve_godini/), 2016-11-07: "Шуменският производител на алуминиеви изделия "Алкомет" ще увеличи капацитета си с над една трета в рамките на две години, след като приключи инвестиционна програма за 36 млн. евро."

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