INVESTMENT NEWS
The Latécoère Group has opened a new manufacturing plant in Bulgaria
The Latécoère Group has opened a new manufacturing plant in Plovdiv, Bulgaria. The inauguration ceremony took place on 12th September in the presence of Latécoère CEO Yannick Assouad and Bulgarian prime minister Boyco Borissov. Also present were Deputy Prime Minister Tomislav Dontchev, Minister of Economy Emil Karanikolov, Ivan Totev, Mayor of Plovdiv, Eric Lebédel, French Ambassador, Stéphane Delahaye, Chairman of the Franco-Bulgarian Chamber of Commerce and Industry, Serge Durand, Head of Airbus Bulgaria, Tsvetan Simeonov, President of BCCI.
Financed through the Transformation 2020 plan's competitiveness investment program, the facility will operate as an assembly plant for avionic racks and aerostructures sub-assemblies.
The Group aims to build up the site from an initial 5,000 square meters to 9,000 square meters with capacity for over 200,000 hours of annual production by the end of 2019.The total investment in the new plant through 2020 is around EUR 15 m.
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