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Palfinger invests BGN 30 mln. in Cherven Bryag

October 8, 2015

The Austrian company "Palfinger" announced the beginning of a new long-term investment program for expanding the production capacity of its plant in Cherven Bryag during a traditional "First dig" ceremony on October 7th in Cherven Bryag.

"Palfinger" is a leading Austrian group in the production of equipment for lifting and loading platforms for access in various industries such as construction and oil and gas. The company has plants in Austria, France, Italy, Bulgaria, Slovenia, Brazil, USA, Canada, Singapore and other countries. Its products are sold at 125 markets worldwide.

The company has two plants in Bulgaria - in Cherven Bryag and in Tenevo, specializing in the production of steel structures, respectively, and hydraulic cylinders. Until now, in Bulgaria there have been invested approx. 60 million euro, 40% of which are in fixed assets. The new investment program envisages to be invested another 15 million euro in Cherven bryag.