|SOUTH-EAST EUROPEAN INDUSTRIAL МARKET » South-East European INDUSTRIAL Мarket - issue 4/2016, November
Festo specializes in the production of sensors and sensor applications. It was established in 1993. The company's manufacturing capabilities in Bulgaria are one of the biggest that they operate. Since 1997 Festo Bulgaria has been specializing in the manufacturing of sensors and sensor applications. It operates two manufacturing facilities - in Sofia and in Smolyan.
Festo's key products manufactured in Bulgaria include the production of fluid and magnetic sensors with various applications in the automotive, machine building and other industries, as well as the production of cable applications for sensors and valves.
In September 2015 Festo Production inaugurated its new manufacturing facilities in Sofia. The new plant occupies 8700 square meters. The investment in expanded production amounts to 19,2 million leva. The company announced its plans for a significant new extension within the following three years, which would result in the opening of more new jobs, investment in machinery and equipment for new products, and automation of the production amounting to 25 million leva.
The planned investment program is already underway, as the company has successfully purchased the land required for the construction of the new capabilities. Festo also plans increasing the level of automation of its production process. At present, the overall production base of Festo Production, including the extension, occupies a total area of 20 000 sq. m.
Етикети: Festo sensors magnetic sensors fluid sensors