Leoni Bulgaria

Type
Business expansion
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Severozapaden; Pleven
Location of affected unit(s)
Pleven
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
2,000 jobs
Number of planned job creations
Job creation
Announcement Date
12 June 2018
Employment effect (start)
31 December 2018
Foreseen end date
1 January 2020

Description

German automotive cable and wiring harness manufacturer Leoni is to open a new electric wiring plant in Pleven. The investment is worth some €32 million and is to create more than 2,000 jobs. The plant will begin operating by the end of this year and will work at full capacity by 2020 . The jobs will be created gradually throughout this period.

Sources

  • 12 June 2018: Capital
  • 12 June 2018: Dnevnik

Citation

Eurofound (2018), Leoni Bulgaria, Business expansion in Bulgaria, factsheet number 94308, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94308.