# Ceratizit Bulgaria invests EUR 20 million in Gabrovo plant expansion

Ceratizit Bulgaria, a manufacturer of metal-cutting tools, will invest EUR 20 million over five years to expand its plant in Gabrovo, Bulgaria. The investment will fund new machinery, a logistics center, and an additional production building, increasing capacity and product range.

- Type: Expansion
- Announced: 2021-08-05
- Where: Gabrovo, Bulgaria
- Value: $23.5M (20.0M EUR)
- Starts operating: 2026
- Status: announced
- Products: metal-cutting tools, drills, milling cutters
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ceratizit Bulgaria](https://endata.com/companies/56865.md)
- [Ceratizit Group](https://endata.com/companies/16606.md) (investor)

## Sources

- [capital.bg](https://www.capital.bg/biznes/promishlenost/2021/08/06/4239921_gabrovskiiat_instrument_za_rastej/), 2021-08-05: "Австрийският собственик на производителя на металорежещи инструменти "Цератицит България" обяви, че ще инвестира 20 млн. евро (40 млн. лв.) в завода си в Габрово през следващите няколко години."

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