# Yotov invests 1.07M BGN in new conveyor equipment in Razgrad

Yotov, a Bulgarian manufacturer of conveyor systems, signed a contract under the Operational Programme 'Innovation and Competitiveness' to invest 1.07 million BGN in new high-tech production equipment, including a machining center and a coordinate measuring machine, to expand capacity by at least 25%.

- Type: Investment
- Announced: 2020-03-10
- Where: Razgrad, Bulgaria
- Value: $610K (1.07M BGN)
- Starts operating: Feb 2021
- Status: announced
- Capacity: 25% capacity increase
- Products: automated conveyor systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Yotov](https://endata.com/companies/45837.md)

## Sources

- [industryinfo.bg](https://industryinfo.bg/article/26105-razgradski-proizvoditel-na-konveyerni-sistemi-investira-1-07-mln-lv-v-novo-oborudvane), 2020-03-10: "Към момента предприятието експлоатира стари технологии и оборудване за осъществяване на производствените процеси, които водят до ниска производителност, високи производствени разходи и незадоволително качество и количество на произвежданите продукти"

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