Kronospan Bulgaria, part of a leading international of wood-based panels manufacturer, announced that the company's recent investment has created 170 new positions in Veliko Tarnovo, Bulgaria. The company has already hired 100 new workers and 70 new employees will be recruited in 2020 when the new facility is fully deployed. In 2018, the company made a major investment in digitalisation and environmental installations. In the long-term, the company wants to attract business partners and furniture companies in the region that will additionally create around 500 new positions.
Currently, Kronospan Bulgaria employes 450 workers in Bulgaria - 200 in Veliko Tarnovo and 250 in Burgas. The company is owned by Konikato Holdings, based in Cyprus, but the ultimate owner is the Lichtenstein-owned Betuva foundation. The corporation has more than 40 production facilities in Europe, Asia and North America with more than 14,500 employees.