A division of the Turkish giant Sarkuysan will invest in a new plant for the production of electric cables in Bulgaria. This morning the company received an investment certificate “A” from the Minister of Economy Emil Karanikolov.
SARK Bulgaria will invest 17 million leva in a factory near Shumen, opening 40 new jobs. The factory will produce electrical cables, mainly for the automotive industry, as well as special wires that are widely used in the aviation and defense industries. The factory, which is planned to be built in the industrial zone of Shumen, will have a total area of 69 000 sq.m., will be equipped with environmentally friendly modern machines, fully in line with the modern technical requirements.
The production and administrative buildings will occupy about 7400 square meters. The plant is expected to start work in around five years.
Turkish group Sarkuysan, valued at € 88.5 million on the Turkish Stock Exchange, was founded in 1972 in Istanbul and is the first successful public company. About half of Europe’s light and light commercial vehicles use Sarkuysan cables. The company also sells to NASA suppliers.
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