Etem Bulgaria to invest €30M in new aluminum extrusion equipment

Etem Bulgaria plans to invest approximately €30 million over three years for a new extrusion press line and related machinery in Bulgaria, as part of a joint venture agreement with Gestamp.

“The company plans to invest approximately €30 million over the next three years for the installation of a new extrusion press line and related machinery for further processing of aluminium profiles in Bulgaria.”lightmetalage.com

• 2 sources
• lightmetalage.comEtem Bulgaria to Invest in New Aluminum Extrusion Equipment for Automotive - Light Metal Age MagazineAndrea SvendsenJan 18, 2019
• novinite.comEtem Bulgaria Decided to Spin-off its Production of Extruded Aluminium Profiles Business - Novinite.com - Sofia News AgencyM3 WebFeb 12, 2019

Summarized from public sources; check the original articles before acting on it.