M+S Hydraulik AD signed a construction contract on 8 August 2024 for a new hydraulic motor factory in Kazanlak, with the main contractor Baraj Group chosen after a tender worth nearly 23 million BGN. The company plans 45 million BGN investment over three years and 121 new jobs.
M+S Hydraulik is investing about 45 million leva over three years to build and equip a new hydraulic motor plant on a 35,000 square metre site in Kazanlak, Bulgaria. The plant will be highly automated and is expected to raise turnover by 30%.
M+S Hydraulic plans a second plant in Kazanlak, Bulgaria, with a total investment of 45 million levs (about 22.5 million euros) over three years. It will raise hydraulic motor capacity by 30%, and a construction contract has been signed with Barrage Group.
M+S Hydraulik will invest 45 million leva over three years in a second plant in Kazanlak, Bulgaria, expanding hydraulic motor capacity by 30% with a high degree of automation. The company says the investment prepares it for recovery in demand.
M+S HydrauliC PLC signed a construction contract on 8 August 2024 for a new hydraulic motor plant in Kazanlak, Bulgaria, with BGN 45 million planned investment, 121 new jobs and a more than 30% capacity increase. Barrage Group won the main construction contract.
Kyashif started production at a new hydraulic cylinder plant in Kardzhali, its fourth plant. The investment is 10 million leva, with a planned rise to 30 million, and 40 workers will be hired.
Germany's Multivac is investing 6 million euros to expand its plant in Bulgaria, according to SeeNews. The article does not specify the exact location or the new capacity.
Multivac has started a production hall extension of about 5,000 square metres at its Bozhurishte, Bulgaria site, costing around €5 million, with completion planned for fall 2022.
Packaging machinery maker Multivac opened its first Eastern European plant in Bozhurishte near Sofia, a 20,000 sq m site costing about EUR 18.8 million and creating more than 150 jobs.