The Bulgarian Minister of Innovation and Growth, Alexander Pulev, announced that Pasabahce, part of Turkish glass manufacturing group Sisecam, is investing BGN 28.5 million (EUR 14.5 million) to upgrade and expand its factory in the city of Targovishte, Bulgaria.
The investment, comprising tangible and intangible assets, will automate and optimise the production process, including through new technical equipment, the innovation ministry said.
The planned upgrade will increase production output, broaden the company’s product offering and speed up the quality assurance process. Pasabahce Bulgaria is also planning to install rooftop solar panels at the plant. As a support measure, it will receive government financing to build parts of the technical infrastructure.
Pasabahce Bulgaria produces float glass, glass packaging, glassware and fibreglass. It has an output capacity of up to 150,000 tonnes per year, with products made at the plant exported to Europe, the Americas and North Africa. Sisecam in Bulgaria manufactures flat glass through its unit Trakya Glass Bulgaria, also in Targovishte, car glass through Sisecam Automotive Bulgaria and also has soda ash production through Solvay Sodi in Devnya, a joint venture with Belgium’s Solvay Group.