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Alcomet Announced 36 Million Euro New Investments

November 24, 2016
Alcomet Announced 36 Million Euro New Investments

Shumen – based company Alcomet will have 36 million euro in new investments and will open 100 new working places in the next 2 years. The company`s investment program was announced by the Supervisory board chairman Fikret Ince during the formal ceremony for celebrating 35 years since the factory establishment.

These planned investments are related to capacity growth, increase of the products diversity, increase of production efficiency, optimization and improvement of technical and technological processes, higher product quality assurance.

“We`ve managed to achieve one of our dreams. 17 years ago Alcomet started with production of 400 tons per month. Now we produce 6000 tons per month after having invested 80 million euro. We already have a new dream which costs 36 million euro. With this investment we will produce more than 100,000 tons per year and will reach turnover of 500 million leva”, said Ince.

Fikret Kuzucu added that part of the new production capacity will cover manufacture for the automobile industry.

The prime minister Boyko Borisov, deputy prime minister Tomislav Donchev, social minister Zornitsa Rusinova, Bulgarian ambassador in Turkey N. Pr. Syuleyman Gyokche, the mayor of Shumen municipality Lyubomir Hristov and the Chairman of the Bulgarian metallurgy association Anton Petrov.

The prime-minister Boyko Borisov greeted all Bulgarian metallurgists for their professional celebration. During the Day of the Metallurgist ceremony held in Shumen, he showed his respect for the metallurgist labor and thankfulness that they create over 27% of the GDP of the country.

“I wish them healthy long lives and to see a growth in their salaries with even more than 50 %. This is indeed not an easy profession”, the Prime-minister said to the working in the sector.

Ambassador Gyokche said that the Turkish investments in Bulgaria are over 2 billion USD, and the goods turnover between the 2 countries is more than 4 billon USD. “I believe that the future ahead of Bulgaria is bright and that Turkey will be one of the important partners of your country”, he added.

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