Turkish glass maker Sisecam, the owner of Trakia Glass Bulgaria, will open on February 7 2011 its fourth plant near Bulgaria´s northeastern town of Turgovishte, the company said.
The new facility, worth $25 million, will produce motor vehicle glass, which will be sold on both the domestic market and foreign markets.Sisecam has already sealed agreements with car manufacturers such as Audi, Ford, Renault and Peugeot, as well as with the future Bulgarian-Chinese plant near the town of Lovech.
The plant will have an annual production capacity of 1.3 million sq m of glass and will employ 130 people. The facility is expected to generate a turnover of $20 million a year.
Since 2005, Sisecam has invested $405 million in its production facilities near Turgovishte. The company had plans to complete its fourth plant by the end of 2008, but the project was put on hold because of financial difficulties.
