# Ceratizit Bulgaria to invest €20M in capacity expansion at Gabrovo plant

Ceratizit Bulgaria will invest €20 million over five years to expand its tool manufacturing plant in Gabrovo, Bulgaria, including new equipment, a logistics center, and a new production building with solar panels.

- Type: Expansion
- Announced: 2021-10-04
- Where: Gabrovo, Bulgaria
- Value: $23.2M (20.0M EUR)
- Status: announced
- Products: metal-cutting tools
- 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/en/business/2021/10/04/4259622_gabrovo-based_ceratizit_bulgaria_to_invest_20_million/), 2021-10-04: "The Austrian owner of tool manufacturer Ceratizit Bulgaria has announced plans to invest 20 million euro (40 million leva) in its plant in Gabrovo over the next few years."

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