# ETEM Gestamp invests 120M BGN in expansion of EV parts plant in Sofia

ETEM Gestamp is investing over 120 million BGN in expanding its automotive components plant in Sofia, Bulgaria, adding fully automated internal logistics and creating over 130 jobs over two years. The company also secured a contract with a major German automaker for aluminum battery box elements for a new EV platform.

- Type: Expansion
- Announced: 2022-02-28
- Where: Sofia, Bulgaria
- Value: $66.0M (120.0M BGN)
- Jobs: 130
- Starts operating: 2023
- Status: announced
- Capacity: 50,000 tonnes per year
- Products: aluminum battery box elements for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ETEM Gestamp](https://endata.com/companies/61330.md)
- [Porsche](https://endata.com/companies/16802.md) (customer)

## Sources

- [mig.government.bg](https://www.mig.government.bg/vsichki-novini/ministar-lorer-kompaniya-investira-120-mln-lv-v-razshirenie-na-zavod-za-chasti-za-elektromobili/), 2022-02-28: "Инвестицията е за над 120 млн. лв. в технологии и напълно автоматизирано вътрешно логистично решение, а проектът ще създаде у нас над 130 работни места за квалифициран персонал през следващите 2 години."
- [enterprise.bg](https://enterprise.bg/econimics-and-business/etem-gestamp-investira-nad-120-mln-lv-v-razshirenie-na-zavoda-si-za-chasti-za-elektromobili), 2022-02-28: "ЕТЕМ Гестамп инвестира над 120 млн. лв. в разширение на завода си за производство на части за електромобили в София."
- [capital.bg](https://www.capital.bg/biznes/promishlenost/2022/03/01/4318041_grucko-ispanskata_etem_gestamp_investira_v_zavoda_si_v/), 2022-03-01: "Увеличението на капацитета сега е свързано със започнатите нови проекти за клиенти, като най-големият от тях е за електрическите автомобили на Porsche."
- [bta.bg](https://www.bta.bg/en/news/economy/228470-etem-gestamp-plans-to-invest-eur-60-mln-in-broadening-bulgarian-operation), 2022-03-01: "Automotive supplier and aluminum extrusion leader Etem Gestamp is planning to invest 60 million euro to expand its Bulgarian operation."

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