New gypsum dactory launched in Vidin municipality
Article published from Capital daily on 2012-10-05 12:49:00Category: Business in Vidin
Bulgarian building materials maker Gips launched on Thursday an 8.0 million euro factory for the calcination of natural gypsum in the northwestern municipality of Vidin. The factory has a capacity of 80,000 tonnes per year and is 38% more energy efficient than Gips old production facility.
The factory was built in 4 months by Bulgarian construction company Montagengineering, while the equipment was supplied by Germany`s Claudius Peters Projects.
The project was co-financed with EUR 1.8 million from EU-funded operational program Competitiveness while Gips provided the remainder from own funds.
The new factory and the company’s nearby gypsum mine employ a total of 224 people.
Gips will aim to boost its exports as it currently sells some 90% of its output on the domestic market. The company currently exports to Serbia and is considering entering the Romanian market.
The factory was built in 4 months by Bulgarian construction company Montagengineering, while the equipment was supplied by Germany`s Claudius Peters Projects.
The project was co-financed with EUR 1.8 million from EU-funded operational program Competitiveness while Gips provided the remainder from own funds.
The new factory and the company’s nearby gypsum mine employ a total of 224 people.
Gips will aim to boost its exports as it currently sells some 90% of its output on the domestic market. The company currently exports to Serbia and is considering entering the Romanian market.
