The turnover of Teklas Bulgaria has increased more than 25 times since they started their activity in Kardzhali in 2006. This became clear during a meeting of the Minister of Economy and Industry Nikola Stoyanov with the management of the company. They talked about their development plans and the problems they face in our country.
‘Kardzhali has serious economic potential and investors of your scale confirm it,’ said Minister Nikola Stoyanov. In his words, at the moment the possibilities of establishing an industrial zone with state participation in the region are being studied. ‘We believe that the state can participate much more actively in directing investment interest to this region of the country,’ the Minister of Economy added.
Teklas has production bases in China, Mexico, the USA, Serbia and Turkey, but over 50% of their volumes are generated in the three plants in Bulgaria. The largest of them is located in Kardzhali. It employs more than 2,500 people, and staff shortages have forced the company to hire and transport people over a 50 km radius in the region.
The entire production of the company is export oriented. Its customers include companies such as Mercedes-Benz, BMW, Volkswagen, Volvo, etc. For several years, the company has been producing components for both hybrid and electric cars, including Tesla, and now about 20% of production is for the brand’s new cars. The constant expansion of the business is also the reason why Teklas Bulgaria is among the few companies that steadily increase their turnover every year, regardless of economic cycles. In Kardzhali they have opened their own R&D centre for testing of materials and finished products, which employs 70 highly qualified specialists.