News and Articles related to City of Varna
Current date: 2010-02-09 10:27

German IT Company ZMD plans to invest in Varna

German IT giant Zentrum Mikroelektronik Dresden AG (ZMD) plans to expand its Bulgarian operations through its Varna-based subsidiary ZMD Eastern Europe, the company’s manager Tilo von Selchow said in the Black Sea city. Having set foot on the market around a year ago, now the company plans to bolster investment and double its headcount, he explained.

ZMD’s Varna unit employs 18, who develop integrated systems, testing and application software. Anelia Pergot, head of the company’s local office, said ZMD plans to turn its Varna unit into its east European hub. It will aim to supply advanced electric appliances to countries such as Serbia, Slovenia, Macedonia, Ukraine, Romania and Turkey.

ZMD Eastern Europe could even produce tailor-made appliances for specific customers, she said.

The company plans to team up on the Bulgarian market with some of the biggest high-tech companies in the microelectronic industry. It already has attracted interest from US-based Cadence Design Systems, an electronic design automation (EDA) software and engineering services company.

ZMD could build a high-tech park to accommodate other players in the industry, a project that would need close cooperation with the regional authorities, Pergot explained.

ZMD currently has more than 250 people on the payroll, including 100 engineers involved in product development. It runs design and R&D units in Dresden, Stuttgart and the USA.