Differential Mode Inductors,I type Inductors,Common Mode Inductors,Differential Mode Choke Inductor Xuzhou Jiuli Electronics Co., Ltd , https://www.xzjiulielectronic.com
OSRAM invests 199 million yuan in its first plant in Bulgaria
On October 10, Bulgarian media outlet SeeNews reported that German lighting giant Osram has made a significant investment in its first manufacturing facility in Bulgaria, pouring in 25.6 million euros (approximately 119 million yuan). The new plant, located near Plovdiv—the second-largest city in the country—will officially open its doors on October 19.
The facility is expected to be a major boost for the local economy, with new production equipment set to create over 900 jobs in the region. This move marks a key expansion for Osram as it continues to strengthen its presence in Southeast Europe.
The investment highlights Bulgaria's growing appeal as a strategic location for international manufacturers looking to tap into the European market. With its favorable business environment and skilled workforce, the country is increasingly attracting foreign direct investment across various industries.
Osram's decision to establish a plant in Bulgaria underscores the company’s long-term commitment to innovation and sustainable growth. The new facility will focus on advanced lighting solutions, supporting the global shift toward energy-efficient technologies.
This development not only brings economic opportunities to the region but also reinforces Osram’s role as a leader in the lighting industry. As the plant prepares to open, it signals a promising future for both the company and the local community.