3 companies invest over BGN 100 million in Burgas, announce the opening of 370 jobs

Municipal Council – Burgas gave the “green light” for the development of three investments worth a total of BGN 115 million to be developed in Burgas in the coming years.

“I thank the councilors for supporting the landmark report for me and considering it first. It concerns the launch of 3 new business ventures in Burgas: two by Bulgarian companies, the third by German companies. One is for 150 jobs with a BGN 10 million investment, the other is for 20 jobs – BGN 5 million investment, and the German investment is for BGN 100 million with 200 jobs. The activities will be related to the production of pressure vessels, metal processing and production of heat pumps. Support for this point is support for business, because it requires great courage to invest in times in which Bulgaria is torn by political contradictions, and wars are being fought nearby. Nowadays, of course, the most important thing for us is the life and health of our citizens. No less important, however, is the support for business and the economic prospects of Burgas and the region. I am convinced that just as the administration very quickly processed and prioritized these investments, we tried to shorten the deadlines and managed to bring them into this session, so the Municipal Council – Burgas gave importance to these investors as a sign that they are welcome with us!” commented Mayor Dimitar Nikolov.

Details of investment intentions:

1. Investment intention to build a “Production base for high-tech products and equipment”, “Fire Safety” EOOD.

The investor plans to implement production and construction-installation activities of machines and equipment, pressure vessels, metal structures, pipelines and their warranty maintenance. It is intended that upon completion and launch at full capacity, the newly recruited staff will reach 150 people. The investment is in the amount of BGN 10,000,000 (ten million) BGN.

2. Investment intention to build a “Base for the production of metal products and blanks”, “Kozloduy” Ltd.

The company has already built and is developing operations in a production base on a 10-acre property in Phase 1 of the Industrial Park. The requested investments (1 million BGN) and the number of jobs (20) requested at that time are now many times exceeded. The investments in the first property amount to about BGN 5 million, and the jobs exceed 100.

Now the investor plans to expand its activities on the territory of the municipality of Burgas, and in particular on the territory of Phase 1 of the Industrial and Logistics Park, by building a second hall for non-standard metal equipment – for the production of pipelines, pressure vessels, metal blanks and tanks, valves , chain conveyors, as well as non-standard vessels and apparatus.

The enterprise is export-oriented to the international market, but part of the production is also directed to the local market, according to the specificity of consumer demand. The list of international contractors of the enterprise includes companies from France, Italy, Austria, Germany, the Netherlands, Belgium, Turkey, and thanks to the proximity of a port, there are orders for Reunion Island – the most distant territory of the EU. To achieve the set goals, the investor relies on his accumulated knowledge and experience in this type of production. Including in the construction of “green projects”, for which it also manufactures boilers, electrofilters, etc. The intention is that the newly appointed year-round staff will be a minimum of 20 people. An investment of at least BGN 5,000,000 (five million) is planned.

3. Investment intention from a large German manufacturer ENVOLA to develop “Production of an innovative heat pump with a wide range of power levels”, which for 3 years has been exploring the possibilities of developing its company in Southern Europe.

The investor points out that in the course of its market growth in Southern Europe, it plans to establish a location that allows proximity to the market and at the same time is logistically justified. He says that Bulgaria is a suitable destination for a number of reasons: proximity to important sub-suppliers in neighboring countries, good port access – both for the final product and its suppliers – the country is a member of the European Union, therefore facilitating delivery to all other member states of EU.

He states that he plans to implement this investment in Burgas on the territory of the Industrial Park – Phase 2, and with a positive development, after the completion and launch of the full capacity of the enterprise, the newly appointed staff will reach 200 people. Claims an investment of 50,000,000 (fifty million) euros.