KOSTAL Bulgaria

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yuzhen tsentralen; Smolyan
Location of affected unit(s)
Smolyan
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
100 jobs
Number of planned job creations
Job creation
Announcement Date
24 January 2016
Employment effect (start)
Foreseen end date
30 December 2016

Description

In December 2015, German automotive components producer Kostal opened its second production facility in Smolyan, where 100 new jobs are expected to be created by the end of 2016.

The first Kostal facility opened in Bulgaria has been operational since 2011 and employs 750 people. Main customers are Volskwagen, Ford, FIAT, Bentley, Lamborghini, Porsche, BMW and Daimler.

Founded in 1912 in Germany, the Kostal Group has five main business divisions, namely automotive electrical systems, industrial electronics, connectors, test technology and solar electrics.

Sources

  • 24 January 2016: Capital.bg
  • 25 January 2016: Money.bg

Citation

Eurofound (2016), KOSTAL Bulgaria, Business expansion in Bulgaria, factsheet number 86276, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86276.