State’s Largest Industrial Zone Marks 10 Years since First Attracted Investment

State’s Largest Industrial Zone Marks 10 Years since First Attracted Investment

For 10 years, the Industrial Park ‘Bojurishte’ has attracted 37 investors with an investment of over BGN 610 million, who have created over 2,000 jobs. This was said by the Minister of Economy and Industry Nikola Stojanov during the official ceremony marking the 10th anniversary of the German company BHTC in Bulgaria. This is also the first investor attracted in the largest state industrial zone in our country.

‘Ten years ago, Bojurishte was more about promises and bold dreams than actual implementation. BHTC was one of the first companies that believed in the ambitious plans and saw the potential of this industrial zone,’ said Minister Stojanov. He said the coming years are a decade of overall success — both for the company and for the growth of the area.

The economic minister pointed out that ‘the real indicator of the state of the business environment is when global companies like BHTC have not only chosen Bulgaria, but continue to grow here.’ The investments made so far by the company in the Bulgarian plant amount to more than BGN 260 million and the jobs created are more than 650, it became clear during the event. BHTC also plans to start construction of a new plant next year, which should be ready by 2028. It is expected that with this step the turnover of the Bulgarian company will reach BGN 1 billion.

‘Nearly 1/3 of the 100 largest investors in Bulgaria are German or with German participation,’ Minister Stojanov further said. In his words, most of them have a similar story to that of the host of today’s event — these are companies that feel good in Bulgaria and are looking for new opportunities for growth. Minister Stojanov also congratulated the BHTC team for their dual training programme and for their consistent efforts to attract young people into the production process.

The Ambassador of Germany to Bulgaria H.E. Irene Plank described as impressive the fact that the trade between our countries last year exceeded EUR 12 billion. Mrs Plank commented that ‘every car in Germany has parts that are produced in the Bulgarian BHTC plant’.

The ceremony was attended by Martin Nyland, CEO of Ber-Hella Thermocontrol Ltd, Christian Bludau, Chief Operating Officer of BHTC — Germany, Tim Kurth, President of the German-Bulgarian Chamber of Industry (GBCI), Mitko Vasilev, General Manager of GBCI, Rosen Plevneliev, President of the Republic of Bulgaria (2012—2017), Vladislava Simeonova, Deputy Mayor of Bojurishte Municipality and others.

BHTCis the global market leader for climate control modules and an innovator in HMI (Human Machine Interface) system solutions. The company manufactures high-tech products and supplies directly to automotive manufacturers such as Daimler, BMW, Audi, Volkswagen, Volvo, Renault, Skoda, MAN, Scania.