Latecoere Group opens a new manufacturing factory in Bulgaria

MachinesNewsSouth-East European INDUSTRIAL Мarket - issue 4/2018 • 23.11.2018

Latecoere Group opens a new manufacturing factory in Bulgaria

The Latecoere Group opened a new production facility in Plovdiv, Bulgaria. The opening ceremony on September 12 was attended by Latecoere’s Chief Executive Officer Yannik Asuad and Bulgarian Prime Minister Boyko Borissov. Some of the other officials that attended were Deputy Prime Minister Tomislav Donchev, Minister of Economy Emil Karanikolov, Mayor of Plovdiv Ivan Totev, Erik Lebedel, French Ambassador Stefan Delahai, Chairman of the French-Bulgarian Chamber of Commerce and Industry Serge Durand, Airbus Bulgaria Head, Tsvetan Simeonov, Chairman of the BCCI.

The Latecoere Group’s new plant is funded through the Competitiveness Investment Program of the Transformation Plan 2020. The Group aims to expand the 5000-square-meter plant to 9000 square meters with a capacity of over 200 000 hours per year by the end of 2019. The total investment in the new plant by 2020 is expected to be around EUR 15 million.

The facility will function as an assembly unit for lifting-assemblies of aeronautical racks and aero-structures.