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SOFIA (Bulgaria), October 9 (SeeNews) - Germany's VOSS Automotive will invest 15 million euro ($17.2 million) in a production facility in Bulgaria's Bahovitsa Industrial Park, near the city of Lovech, the ministry of economy said on Tuesday.
The production facility, which will spread on some 15,000 square metres, is expected to commence operations within six months, the ministry said in a statement.
The investment will create 1,000 jobs.
In August, Lovech municipality said the company intends to invest 7 million euro in new machines alone. The facility is expected to reach its full capacity фщ 2020, the municipal government said at the time.
VOSS Automotive specialises in the production of fuel and coolant lines and fittings, quick connector systems, thermal management lines and fittings, and other components.
($ = 0.8725 euro)