# Festo to build third plant near Sofia with €40M investment

Festo is investing €40 million to build its third production facility near Sofia, Bulgaria, for industrial automation components. The plant is expected to start operations in 2023 and will create 150 new production jobs.

- Type: New facility
- Announced: 2020-11-04
- Where: near Sofia, Bulgaria
- Value: $47.3M (40.0M EUR)
- Jobs: 150
- Starts operating: 2023
- Status: announced
- Products: components for industrial automation, sensors, control pneumatic cylinders, communication modules, controllers, servo motors
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Festo](https://endata.com/companies/1097.md)

## Sources

- [investsofia.com](https://investsofia.com/en/german-festo-build-third-plant-sofia-investment-e40m/), 2020-11-04: "The German Festo to invest 40 million euros in acquiring, designing, and building a new plant near Sofia."

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