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The investment will cover a new air separation unit (ASU) in Bulgaria and the modernization of four existing units in Germany.

The factory will concentrate on the production of larger rim size passenger and SUV tyres that will be primarily sold in the Central European market

Last year’s edition of Metal Expo attracted over 14 400 visitors, 1523 of which came from foreign countries – Iran, Germany, South Korea, India, China, Italy, etc.

The CEO and Member of the Board of Directors of Automotive Cluster Bulgaria looks back to this year`s edition of ACB`s largest event and discusses the future of the sector in the country

The factory’s production will primarily be exported to key European markets, including Germany, the Netherlands, Italy, and Austria

The upgrades will also enhance energy efficiency and reduce losses in the distribution grid, saving about 31 800 tonnes a year of carbon dioxide equivalent emissions

It will have more than 300 000 photovoltaic modules that will produce 320 GWh, enough to meet the energy needs of 69 000 households, which will reduce CO2 emissions by 140 000 tonnes a year

The proceeds from the issuance will be used to refinance the company’s existing Eurobond due in 2025 and for general corporate purposes, enabling Ulker to meet its green targets of reducing Scope 1 and 2 greenhouse gas emissions by 42% by 2030, and Scope 3 emissions by 25% by 2030

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

The rapid advancements in robotics and artificial intelligence and the ever wider adoption of those technologies in SMEs brings a multitude of benefits for the economical development of the countries in Southeast Europe (SEE). Although, the share of companies, using robots, stays relatively low, compared to the more developed regions of Europe and the world.

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