Bulgaria's aluminium products manufacturer Alcomet opens EUR 15mn unit.

By bne IntelliNews November 6, 2012
Local aluminium products manufacturer Alcomet opened a new production unit that will cut the company's energy costs by 30%, economy minister Delyan Dobrev announced. The EUR 15mn project has been financed under EU's competitiveness operational programme. It will help increase the producer's annual output by 45% and will open 36 new jobs. Alcomet is the largest supplier of household foil in the EU with a 20% market share, Dobrev said. In 2011, it received first class investment certificate for its EUR 13.7mn project to expand production. Alcomet is located in Bulgaria's northeastern town of Shumen and employs 730 people, according to information on the company's website.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335