# Alcomet to invest 137 million BGN in Shumen plant over three years

Alcomet, an aluminum products manufacturer, announced a 137 million BGN investment in its Shumen plant over three years. The investment includes a new rolling mill, expansion of the rolling shop, and upgrades to the press and foundry shops.

- Type: Investment
- Announced: 2023-09-07
- Where: Shumen, Bulgaria
- Value: $76.0M (137.0M BGN)
- Status: announced
- Capacity: 40% increase in foil production capacity; 80% increase in extrusion capacity
- Products: aluminum foil, aluminum profiles, converter foil, battery foil
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alcomet](https://endata.com/companies/19583.md)

## Sources

- [capital.bg](https://www.capital.bg/biznes/promishlenost/2023/09/07/4525854_aluminieviiat_zavod_alkomet_shte_investira_137_mln_lv/), 2023-09-07: "Почти 65 млн. лв. ще бъдат вложени в нов валцов стан и разширяване на производствената сграда"

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