Largest Battery Maker in Eastern Europe Creates a Factory for BGN 42 Million in Vratsa
Monday, 25 February 2019
The largest battery manufacturer in Eastern Europe - the Bulgarian "Monbat", plans to build a new production facility in Vratsa. It becomes clear from an investment intention of the joint-stock company sent to Kalin Kamenov, Mayor of the town, about 42 million leva will be invested in it.
According to the company's plans there will be rechargeable batteries, and the annual volume will be one million units, and it will grow in the future. Expectations are to open 150 jobs. The new plant will be built on three terrains owned by the company, BNR reports.
Monbat is one of Europe's leading battery manufacturers, and the core business of the company is divided into two segments - the production of lead-acid batteries and lithium-ion cells. Apart from Montana, Dobrich and Sofia in Bulgaria, the company has bases in Romania, Serbia, Italy and Germany.