# Festo completing €40M investment in new product workshop in Sofia, Bulgaria

Festo Production is completing an investment of over 80 million levs (40 million euro) to expand and re-equip a workshop at its Sofia factory for manufacturing new industrial automation products. The first lines are operational, and full equipping is expected by end of 2024.

- Type: Expansion
- Announced: 2024-06-24
- Where: Sofia, Bulgaria, Bulgaria
- Value: $43.0M (40.0M EUR)
- Starts operating: 2024
- Status: under construction
- Products: drive controllers, electronics for valve modules, decentralized electric drives, stepper motors
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Festo](https://endata.com/companies/1097.md)

## Sources

- [capital.bg](https://www.capital.bg/en/business/2024/06/24/4642390_festo_completing_80_million_lev_investment_in_workshop/), 2024-06-24: "By the end of 2024 the remaining production lines will be installed, with the total investment to exceed 80 million levs (40 million euro)."

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