EMCC European Monitoring Centre on Change

AQ Group

Company/Organisation:
AQ Group

Geographic Location

Country: Bulgaria
Region: Pernik; Yugozapaden; Yuzhna Bulgaria
Location of affected unit(s): Pernik

Company

Sector: Manufacturing
Manufacture of electrical equipment
27.2 - Manufacture of batteries and accumulators
Number Employed: 1500

Employment Effects

Announcement Date: 27-06-2022
Type of Restructuring: Business expansion
Employment Effect Start: 01-07-2022
Foreseen End Date: 31-12-2023
Planned Job Creation: 100

Additional Information

The Swedish industrial manufacturer AQ Group plans to create about 100 jobs until the end of 2023 in its premises in Pernik, Bulgaria. The new factory will produce sheet metal products and be responsible for the electrical integration of large-scale energy storage systems (ESS).

AQ Group intends to invest a further 2 million Euro in repairs and equipment at its facility in Pepnik by 2024 and the number of employees will rise over the next few years depending on the growth rate of the business.

The company has been operating in Bulgaria since 1996 and with a total of 1,500 employees, AQ Group owns three local subsidiaries operating five outlets in Sofia, Radomir, Godech, Kyustendil and Veliko Tarnovo.