# Alcomet starts construction of €140M expansion in Shumen, Bulgaria

Alcomet AD began construction of an expansion of its production base in Shumen, Bulgaria, with an investment of nearly 140 million leva (approx. €71.6 million). The project includes a new casting hall, foil rolling mill, and annealing furnaces, creating 160 jobs over three years.

- Type: Expansion
- Announced: 2024-09-11
- Where: Shumen, Bulgaria
- Value: $71.6M (140.0M BGN)
- Jobs: 160
- Status: under construction
- Products: aluminum rolled products, aluminum foil, aluminum alloys for batteries, aluminum profiles for automotive and solar
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [enterprise.bg](https://enterprise.bg/econimics-and-business/alkomet-zapochna-da-stroi-razshirenieto-na-proizvodstvenata-si-baza-v-shumen), 2024-09-11: "Инвестицията, която беше обявена през миналата година, а през март т.г. получи сертификат за приоритетна инвестиция, е за почти 140 млн. лева."
- [blitz.bg](https://blitz.bg/ikonomika/rodna-kompaniya-investira-136-mln-lv-v-ceh-za-aluminievi-splavi-za-elektromobili_news1038957.html), 2024-09-11: "Целта е производство на нови алуминиеви продукти, които да отговарят на актуалното търсене на пазара."

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