German Leoni Wants to Build Subsidiary in Bulgaria.

23.04.2001 Source: BTA

Representatives of Germany's Leoni AG cable maker are researching the opportunities to open a subsidiary in Bulgaria, Board of Directors member Heinrich Ludwig announced. Leoni's turnover in 2000 exceeded DEM 1,800 million. The German investors are looking for a 4 ha plot in an industrial zone in which they plan to build a production facility for 1,800 workers and an administrative and technical staff of 200. The idea is that the production start in 2004 after the facilities problem is settled and the staff training is completed, he added.