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 Of Food And Beverage Manufacture Of Beverages 11.01 - Distilling, rectifying and blending of spirits
180 jobs Number of planned job creations
Announcement Date
20 November 2006
Employment effect (start)
17 November 2006
Foreseen end date
Description
Vinprom - Pestera has expanded its manufacturing capacity with a new factory producing alcoholic beverages. The company has invested BGN 2 million, said Ivan Papazov, the company's executive director. The new plant will produce Sixth Sense gin, Captain Fred white and red rum, spearmint Pestera, etc. The expansion resulted in hiring of some 180 workers. According to Mr Papazov, up to now all investments aimed to reach the EU standards and to enable the company to compete on the world market. The factory will be fully renewed in the near future. Vinprom Pestera is the biggest Bulgarian wine buyer and at the same time it has its own vineyards of 1,200 ha. It has also its own winery built with the financial support of SAPARD programme.
Eurofound (2006), Vinprom - Pestera, Business expansion in Bulgaria, factsheet number 64511, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64511.
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