EMCC European Monitoring Centre on Change

Keros Bulgaria

Company/Organisation:
Keros Bulgaria

Geographic Location

Country: Bulgaria
Region: Ruse; Severen tsentralen; Severna Bulgaria

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
23.31 - Manufacture of ceramic tiles and flags
Group: Keros Ceramica

Employment Effects

Announcement Date: 07-06-2005
Type of Restructuring: Business expansion
Employment Effect Start: 30-06-2006
Planned Job Creation: 1000

Additional Information

The Spanish Keros Ceramica is investing €12 million in a new factory for wall and floor tiles production. The company is expected to be built and start functioning by 2006, announced Mr. Hose Benavent, owner of Keros Keramica and Mr. Salvador Ferer, president of the management board of Keros Bulgaria, during a press conference. In a second phase, the company intends to raise its investment up to € 20 million. The capacity of the production is foreseen to be 9,000 square metres per day(5 million square metres per year). Keros Ceramica was founded in 1994 in Nules, Spain. Currently the company has a turnover of €30 million per year and exports all over the world. The Bulgarian factory will be the first plant outside Spain.