Bulgaria's Lavena Investing 2.6 Mln Euro in Capacity Expansion

Bulgaria's Lavena Investing 2.6 Mln Euro in Capacity Expansion

Bulgarian lavender oil and cosmetics producer Lavena [BUL:4L4] said that it is investing 5 million levs ($2.9 million/2.6 million euro) in expanding its production and storage base in the town of Shumen. On Wednesday, Lavena signed a contract with construction company Cordeel Bulgaria for thе new building, which must be completed by the end of July 2019, the cosmetics maker said in a bourse filing. The new building will have a total floor area of 5,203 sq. m.

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