# Etem Gestamp to invest EUR 60M expanding Sofia plant for Porsche EV parts

Etem Gestamp will invest 60 million euro over two years to expand its Sofia, Bulgaria plant, increasing capacity from 35,000 to 50,000 tonnes per year. The expansion is driven by an 8-year contract to supply aluminum battery box components for Porsche electric vehicles, with serial production starting in 2023.

- Type: Expansion
- Announced: 2022-05-02
- Where: Sofia, Bulgaria
- Value: $63.0M (60.0M EUR)
- Jobs: 150
- Starts operating: 2023
- Status: announced
- Capacity: 50,000 tonnes per year
- Products: aluminum battery box components, structural components, chassis parts, suspension parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Etem Gestamp Aluminium Extrusions](https://endata.com/companies/62639.md)
- [Porsche](https://endata.com/companies/16802.md) (customer)
- [Gestamp](https://endata.com/companies/16876.md) (partner)
- [Etem Group](https://endata.com/companies/53502.md) (partner)

## Sources

- [capital.bg](https://www.capital.bg/en/business/2022/05/02/4342040_greek-spanish_etem_gestamp_to_invest_60_million_euro/), 2022-05-02: "The increase in capacity now is connected with the launch of new client projects, the largest being manufacture of components for Porsche electric cars."

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