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OSRAM invests 199 million yuan in its first plant in Bulgaria
On October 10, according to Bulgarian media outlet SeeNews, German lighting giant Osram revealed that it has made a significant investment of 25.6 million euros (approximately 119 million yuan) into its first production facility in Bulgaria. The new plant, located near Plovdiv—the country's second-largest city—is set to officially open on October 19.
This strategic move marks a major step in Osram's expansion within Southeast Europe. The facility will be equipped with cutting-edge production technology and is expected to create over 900 jobs, boosting the local economy and supporting the region's industrial growth.
The investment highlights Osram’s confidence in the Bulgarian market and its long-term commitment to innovation and sustainability in the lighting industry. With this new plant, the company aims to strengthen its supply chain and better serve customers across Europe.
As the opening date approaches, local authorities and business leaders are eagerly anticipating the positive impact this development will bring to the area. Osram's presence is expected to not only generate employment but also attract further foreign investment to the region.
The project also underscores Bulgaria's growing appeal as an attractive destination for high-tech manufacturing. With its skilled workforce and favorable business environment, the country continues to position itself as a key player in the European industrial landscape.