Kapitan Djado Nikola

Type
Business expansion
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Severen tsentralen; Gabrovo
Location of affected unit(s)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22 - Manufacture of rubber and plastic products
22 - Manufacture of rubber and plastic products
300 jobs
Number of planned job creations
Job creation
Announcement Date
16 May 2005
Employment effect (start)
Foreseen end date

Description

Kapitan Djado Nikola company, which is traditionally producing plastic pipes and fittings has started production of plastic wrapper and thin-sided matrixes. The investment in the new department for thin-sided matrixes is €2 million. According to Kemrjan Jozgour, the executive director of the company, matrix production is very difficult and many West-European firms have given up producing it. The ambition of the Gabrovo firm is to fill this niche. At the end of June 2005, the owners of the firm intend to start building a new department, where some 300 new workers will be hired.

Sources

Citation

Eurofound (2005), Kapitan Djado Nikola, Business expansion in Bulgaria, factsheet number 61603, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61603.