New Investor Puts € 14 Million in Warehouse and Production Facilities in Bulgaria's Trakia Economic Zone

EUR 14 million will be invested by Balkan Agrikalcaral in a warehouse and production facility in Trakia Economic Zone in the land of the village of Kalekovets. This was announced by the mayor of Maritza Municipality Dimitar Ivanov and engineer Plamen Panchev, CEO of TEZ.

The investment will take place in two stages. The first is the construction of a logistics center and a specialized warehouse for fresh fruit and vegetables with a total area of ​​55,000 sq. M and a built-up area of ​​1,000 sq. M. The estimated value is 4 million euro. A processing plant for the production of fruit and vegetable concentrates worth EUR 10 million is the second investment stage. It will be on 45,000 square meters, of which 7,000 square meters of built-up area. The plant will be equipped with high-tech Italian equipment and will process the vegetables to puree - such as tomato puree, for example, and fruits to mousse - such as apple mousse, specified mayor Dimitar Ivanov.

Balkan Agricultural already has one factory near Pazardzhik. The selection of the second factory in the village of Kalekovets was made after studying the conditions offered by the Trakia Economic Zone and the Maritsa Municipality. But also because of the fact that in Plovdiv there are registered the largest number of producers of fruits and vegetables in the country. The term for construction is the next crop, 2020, to be processed in their new factory, said Plamen Panchev, engineer. He added that investor Muhannad al-Nuaimi, who has been in Bulgaria for 15 years, has shared with him that he is ready to even double his production base as long as he has a stable relationship with fruit and vegetable producers in the Plovdiv region.

Dimitar Ivanov announced that in 2018 the administration of...