# odelo Bulgaria plans to double investment in Plovdiv plant by 2023

odelo Bulgaria plans to double its investment in its newly opened plant in Trakia Economic Zone near Plovdiv to 40 million euro by 2023, increase sales to 60 million euro, and triple staff. The plant produces automotive lighting components.

- Type: Expansion
- Announced: 2020-03-23
- Where: Trakia Economic Zone, Plovdiv, Bulgaria
- Value: $22.0M (20.0M EUR)
- Starts operating: 2023
- Status: announced
- Products: automotive lighting, headlights, taillights
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [odelo Bulgaria](https://endata.com/companies/46073.md)
- [Odelo](https://endata.com/companies/37771.md) (investor)

## Sources

- [see-industry.com](https://www.see-industry.com/en/odelo-bulgaria-ugur-ozay-we-plan-to-double-our-investment-in-tez-by-2023/2/1913/), 2020-03-23: "By 2023, we aim to double our investment, to increase our sales to 60 million euro and to triple our staff."

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