Industry News

Asian Steel Group Aluminium aims to invest $38.1 million in Bulgaria’s upcoming facility

Views : 165
Update time : 2024-03-25 17:26:46
Asian Steel Group Aluminium Products, a Chinese car parts manufacturer, is investing over 35 million euros ($38.1 million) in a new facility near Bulgaria's second-largest city, Plovdiv, as per the city authorities.

The new plant, to be situated in the Trakia Economic Zone, will specialize in producing aluminium profiles for the automotive industry, as detailed by the business development unit of the Plovdiv municipality in a statement released on Monday.

Construction of the plant is expected to be completed within a year. The facility is anticipated to generate between 150 and 200 job opportunities.

Asian Steel Group Aluminium Products supplies prominent automotive companies such as Tesla, Volvo, and Fiat. The company operates subsidiaries in Mexico and Bulgaria to efficiently serve its international clientele.

Related News
Read More >>
ArcelorMittal begins mining operations in Argentina ArcelorMittal begins mining operations in Argentina
Feb .06.2026
ArcelorMittal begins mining operations in Argentina
Taiwan launches AD sunset review on Chinese aluminum foil Taiwan launches AD sunset review on Chinese aluminum foil
Feb .06.2026
Taiwan launches AD sunset review on Chinese aluminum foil
Jindal Stainless to expand capacity with new Wuhan Qianye rolling mill Jindal Stainless to expand capacity with new Wuhan Qianye rolling mill
Feb .06.2026
Jindal Stainless to expand capacity with new Wuhan Qianye rolling mill
Nirav Commercial approves sale of aluminium unit for $0.13M to Hind Aluminium Nirav Commercial approves sale of aluminium unit for $0.13M to Hind Aluminium
Feb .06.2026
Nirav Commercial approves sale of aluminium unit for $0.13M to Hind Aluminium