Great Wall Motor breaks ground for Bulgaria plant
Shanghai, May 13 (Gasgoo.com) China's largest sport utility vehicle (SUV) maker, Great Wall Motor Co, has started construction of an auto plant in Lovech city of Bulgaria in cooperation with Bulgaria's Litex, Bulgarian media reported on Monday.
The plant has an initial investment of 80 million euros and is expected to produce Great Wall's Florid cars and Hover SUVs. According to Sofia News Agency, this project will initially create 1,000 new jobs.
Bulgaria's Prime Minster, Sergey Stanishev, broke ground for the plant during the opening ceremony.
Mr. Stanishev said that the plant was a symbol of his Cabinet's policy to make the country attractive for foreign investments and to create new, competitive productions.
Bulgaria's Prime Minster, Sergey Stanishev, broke ground of the Great Wall car factory
near the city of Lovetch. (Photo by Bulgarian Ministries Council )
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