Parallel-Sevlievo investing €13.8m to expand Bulgarian production

Parallel-Sevlievo investing €13.8m to expand Bulgarian production

Published at: 2018-11-16 09:15 | Author: CIJ Serbia
Furniture manufacturer Parallel-Sevlievo is building a new production facility in Bulgaria. The project is part of its five-year investment plan. Costs are estimated at around €13.8m. The scheme will cover a 50,000 sqm area, 26,500 sqm of which will be for production purposes. The facility will have equipment for cutting and building polyurethane foam. There will be a high-tech warehouse for storage as well as a second fully automated warehouse. The company is also developing an administrative and residential building. Castello Precast is overseeing construction. Completion is scheduled for May 2020. Established in 1995, Parallel-Sevlievo is one of Ikea’s suppliers. The Bulgarian company currently employs 870 people.

Similar Stories:

Nectar establishes new organic apple orchard
Nectar, the Serbian beverage company based in Backa Palanka, has opened its biggest organi  »
Deufol building plant in eastern Hungary
Deufol broke ground on its new packaging and logistics plant in Debrecen, eastern Hungary.  »
Uniprom KAP developing factory in Podgorica
Uniprom KAP secured the permits for its new factory for beverage-processed aluminum produc  »
EDNA Metalworking expanding in Prijedor
Bosnia & Herzegovina  ♦  EDNA Metalworking expanding in Prijedor
In Prijedor, northwest Bosnia, a cornerstone for the new EDNA Metalworking plant was laid.  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »