Business expansion
Yuzhna Bulgaria; Yugozapaden; Pernik
Location of affected unit(s)
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25 - Manufacture of fabricated metal products, except machinery and equipment

300 jobs
Number of planned job creations
Job creation
Announcement Date
10 March 2006
Employment effect (start)
31 March 2007
Foreseen end date


Stomana Industry, part of the Greek owned VIOHALKO group, is building a new workshop investing between €40 and €45 million. The new factory will produce reinforced concrete and special steel and is expected to become the biggest producer of these goods in the Balkans. The new workshop will be equipped by the specialised Italian company, Danelli, and will feature furnaces and a rolling mill unique in Bulgaria. Production is expected to exceed BGN700 million per year, more than 50% of it for the domestic market. The Bulgarian Minister for Economics, Rumen Ovcharov, expects the need for imports of steel products to drop to BGN400 million as a result, which will improve the foreign trade balance of the country.


  • 10 March 2006: Dnevnik
  • 11 March 2006: 24 hours


Eurofound (2006), Stomana Industry, Business expansion in Bulgaria, factsheet number 63121, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63121.