Varroc Lighting Systems Opens 4.1 Mln Euro Plant in Bulgaria - Econ Min

Varroc Lighting Systems Opens 4.1 Mln Euro Plant in Bulgaria - Econ Min

US-headquartered automotive lightning solutions provider Varroc Lighting Systems officially opened an 8.0 million levs ($4.64 million/4.1 million euro) manufacturing plant in Bulgaria on Wednesday, the economy ministry said. The economy ministry provided no further details about the investment project in its statement. It, however, quoted Bulgarian economy minister Emil Karanikolov as saying at the opening ceremony that nearly 200 million levs were invested in Bulgaria's automotive sector in 2018, creating 3,200 jobs. Varroc Lighting Systems, a member of India-based Varroc Group family of automotive-components businesses, said in a separate statement that the new plant is the first of three production facilities it plans to build near Dimitrovgrad, in southern Bulgaria.

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