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The total investment in this project is estimated at approximately EUR 40 million, of which, approximately EUR 15 million are provided from European funds, through the Connecting Europe Facility (CEF), almost EUR 5 million of the total amount represent bank credit from the Banca Comerciala Romana, the rest of the financing being provided from own sources

During the first day, participants had the opportunity to visit some of the facilities of suppliers specializing in automotive electronics – Visteon Electronics Bulgaria, Sensata Technologies Bulgaria and Melexis Bulgaria

In Smederevska Palanka, the Kyungshin Cable plant will produce components for high-tech electric car batteries, as well as parts for traditional cars

Electrоmobility is one of the fastest growing sectors in today`s economy. In South-East Europe this industry is also developing but at a slower pace in comparison to other parts of the continent. In recent years there are many different projects and initiatives related to the expansion of electromobility in SEE countries

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

Turkey`s automotive industry has longstanding traditions in the country and from assembly-based production gradually became an industry with R&D design capability and high added value. The sector has been of key value to local production input over the years, with the partnerships established by foreign companies with Turkish entrepreneurs

Superior Essex, company based in Atlanta USA, is a part of South Korean LS Group and global leader with more than 85 years of experience in manufacturing and distributing copper and aluminum wire and cable products for various markets segments.

Leading winding wire manufacturer to start operations in Serbia Superior Essex, company based in Atlanta USA, is a part of South Korean LS Group and global ... more