Bayraktarlar Group Unit Breaks Ground for 40.6 Mln Euro Car Parts Plant in Bulgaria

Bayraktarlar Group Unit Breaks Ground for 40.6 Mln Euro Car Parts Plant in Bulgaria

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)

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