InvestBulgaria Agency (IBA) issued a First Class Investment Certificate to "Miroglio Bulgaria" for the investment project "New factory for spinning and purifying station" in the city of Yambol, Bulgaria. The document has been officially awarded by Mr. Stoyan Stalev, Executive Director of InvestBulgaria Agency.
The investment plan of the company provides the construction of spinning factory, warehouse for scraps and purifying station for wasted waters.The new factory will be on a high tech level and the dye-house will be mostly computerized. The company will produce natural, artificial, synthetic and mixed filaments.
The total investments will be over BGN 73,7 mln. and 529 new permanent employees are expected to start working for the factory in Yambol.
"Miroglio Bulgaria" has already built 6 factories in Bulgaria and by the end of 2005 the company has made investments of over EUR 150 mln..