# Biomashinostroene to double production with EUR 10 million investment

Biomashinostroene, a Bulgarian manufacturer of heat exchangers and vessels for the chemical, food and pharmaceutical industries, announced a six-year EUR 10 million investment program to double production and revenue. The program includes building a new plant on 32 decares of land near Plovdiv and purchasing new metalworking machines.

- Type: Expansion
- Announced: 2018-01-21
- Where: Plovdiv, Bulgaria
- Value: $12.2M (10.0M EUR)
- Starts operating: 2024
- Status: announced
- Capacity: double production to 50 million BGN by 2022
- Products: heat exchangers, vessels for chemical, food and pharmaceutical industries
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Biomashinostroene](https://endata.com/companies/29503.md)

## Sources

- [capital.bg](https://www.capital.bg/biznes/kompanii/2018/01/21/3114909_biomashinostroene_shte_udvoi_proizvodstvoto_si_s/), 2018-01-21: ""Биомашиностроене", която е една от най-големите европейски производители на топлообменници и съдове за химическата, хранителната и фармацевтичната индустрия, започва шестгодишна инвестиционна програма за 10 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.