The plant, which will be located in Sofia's industrial zone, will create about 70 jobs, and be carried out over the next three years.
Thermoforming packaging machines, tray sealers, vacuum chamber machines
Multivac, a German supplier of packaging equipment already operates in Bulgaria, with a plant employing 35 people and a factory in Romania.
Christian Traumann, CFO, Multivac, told FoodProductionDaily, it will produce components and groups of components for its packaging machines, for thermoforming packaging machines, tray sealers or vacuum chamber machines.
“Multivac currently has a sales and service office in Bulgaria with 35 employees,” he said.
“In future, we intend to establish the production of components and groups of components as well as shared services (development and IT) for the entire Multivac group at the Bulgarian site.
“We are targeting this area because we highly regard the qualifications of skilled personnel in Bulgaria. We also have a close cooperation with the Technical University in Sofia.”
'Looking for continuous growth'
Traumann said it will take three years to complete the project because it's ‘a step by step approach’.
“We are looking for continuous growth, e.g. new markets and new applications. Besides Bulgaria, we plan massive investments in Germany, the US, UK and Japan,” he added.
The announcement was made after Trauman and Ivaylo Dimitrov, MD, Multivac Bulgaria met with Bulgaria’s Economy Minister Bozhidar Lukarski in Sofia this month to present the group’s investment plans in the country and to ask for government support in the implementation of the plant.
Business delegation meeting in Bulgaria in October
The meeting was a follow-up to an event in Munich in July where Lukarski talked about investment opportunities in Bulgaria with the German association of machinery and equipment manufacturers (VDMA).
Lukarski said the political stability and the economic growth achieved by the current government in just eight months made Bulgaria a promising investment destination for German investments and Bulgaria’s advantages stood out against the backdrop of the recent developments in Greece, Macedonia, and Romania.
Franz Josef Pschierer, State Secretary, Bavarian Ministry of Economic Affairs and Media, Energy, and Technology, will head up a business delegation to Bulgaria in October, with some 40 Bavarian companies attending.