Kambourov & Partners has advised WITTE Automotive Bulgaria, a subsidiary of Germany’s WITTE Automotive, on the opening its new auto part manufacturing plant in the city of Ruse, in Bulgaria.
from the left: R. Golz (managing director WITTE Automotive), V. Shtonov (minister of economy BG), T. Jindra (managing director WITTE Automotive Bulgaria), R. Plevneliev (president BG), Dr. M. Puschel (chairman of the supervisory board WITTE Automotive), P. Stoilov (lord mayor of Ruse, BG), E. Ruckert (managing director WITTE Automotive), S. Ivanov (regional government), H.Hristov (managing director WITTE Automotive Bulgaria), R. Eble (managing director WITTE Automotive) (witte-automotive.com)
The October 1, 2014 ceremony to mark the official opening of the plant was attended by Bulgarian President Rosen Plevneliev, the country’s Interim Minister of Economy and Energy, Vassil Shtonov, and Ruse Mayor Plamen Stoylov.
According to a Kambourov press release, “he plant was built for only a year and is one of the largest in the municipality of Ruse, consisting of innovative constructions and serving as a high-tech production capacity. It is also eco-friendly and should produce minimum air and water emissions.”
“I am a president but I am also an engineer and I have to say that this plant is a very important achievement not only for Ruse but for Bulgaria,” Bulgarian President Plevneliev declared in his opening speech. Manfred Pueschel, Chairman of the Supervisory Board of WITTE Automotive also stated that: “On 10th of October 2013, we met here for the laying of the foundation stone. Today, only one year later, we are celebrating the official opening of the most modern plant of WITTE Automotive covering an area of 15,000 square meters and that inclusive the logistics infrastructure.”
According to a WITTE press release, the amount of investment will reach approximately EUR 10 million until the end of the year 2015. The production of tailgate and seat latches, handles, and the WITOL Automatic Tolerance Compensation System will be produced at the plant.
Kambourov & Partners’ Real Estate department assisted WITTE Automotive Bulgaria on all matters related to the development and construction of the plant (including negotiation, drafting and conclusion of design and construction agreements), advice on the acquisition of land and properties, and regulatory issues and change of land status.