The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
101 jobs Number of planned job creations
Announcement Date
11 June 2024
Employment effect (start)
1 January 2025
Foreseen end date
31 December 2025
Description
ZS Europe, the Bulgarian subsidiary of the Chinese aluminium car parts manufacturer, will invest in a new production facility located in Plovdiv.
The first phase will create 101 jobs at an investment of BGN 18.9 million (EUR 9.66 million), but after that the number of workers is likely to increase. The plant is expected to be operational in early 2025 and the staff training will start by the end of this year. ZS Europe's investment received the "A" certificate from the Ministry of Transport and Communications.
ZS Europe is mainly active in the production of aluminium and other automotive parts, among its clients are Tesla and Volvo.
Eurofound (2024), ZS Europe, Business expansion in Bulgaria, factsheet number 201293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201293.
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