Search results for: Automotive parts

Nine out of ten automobiles in Europe contain parts that were manufactured in Bulgaria. 80% of all the sensors in European cars were also produced in the country. The automotive parts manufacturing is one of the fastest developing sectors in Bulgaria today, growing with around 8% per annum. There are more than 270 companies in the industry, many of which producing components for global automotive brands

Due to its highly skilled workforce and location, the automotive industry in Serbia is not just a traditional economic sector but also a sector with a promising future. Today almost all significant European and some Asian automakers receive supplies from the Serbian automobile sector

In the first half of 2023, over 250 exhibitors have already registered for this high-quality exposition, gaining tremendous recognition from manufacturers in the hardware tools, machine tool components, screws and fasteners, and industrial security sectors

The production of automotive components is one of the fastest growing sectors of the Bulgarian economy in recent years. According to the Bulgarian Investment Agency, 80% of all sensors and over 90% of airbag sensors in European cars are produced in Bulgaria

Until 1990, the chemical industry of Romania was one of the largest in Eastern Europe as the country enjoys substantial natural reserves, namely salt, sulphur, potassium, oil and methane gas

The company plans to invest in projects for expansion of its buildings and in new equipment for its engineering centers as well as in its tire, electronic components and ContiTech factories in 2022

The new facility, which spans across 4100 m2 and currently employs 30 people, will enable Alcomet to produce aluminium electric vehicle components

A recent survey examines several SEE countries as attractive markets for automotive investments and growing in popularity manufacturing hubs. Among them are Romania, Slovenia, Serbia, North Macedonia and Bulgaria

А broad research conducted and published in 2018 by the U.S. Department of commerce shows that many SEE countries (among other European countries) have numerous opportunities and have developed flexible funding mechanisms for stimulating the acceptance of advanced technologies in manufacturing