Bayraktarlar Group Unit Breaks Ground for 40.6 Mln Euro Car Parts Plant in Bulgaria
Friday, 29 June 2018
Bulgaria's economy ministry said on Thursday that Odelo Farba Bulgaria, a unit of Turkey's Bayraktarlar Group, has broken ground for a 40.6 million euro ($47.0 million) plant in Plovdiv, which will manufacture headlights for Mercedes-Benz vehicles. The investment project includes three production units which will create 400 jobs, the economy ministry said in a statement.T he plant will be built on a 23,000 square metre land plot, according to the statement. Odelo Farba Bulgaria is a wholly-owned subsidiary of Turkey's Farba Otomotiv Aydinlatma Ve Plastik Fabrikalari, part of Bayraktarlar Group.($ = 0.8631 euro)