ADM Bulgaria Trading EOOD

Bulgaria’s New Factories: From Corn to Spirits

Capital Weekly published a photo-story about the new production sites in Bulgaria, including ADM Bulgaria’s Amylum plan in Razgrad.

Profile:

Sector: Starch and Ethyl Alcohol Production
Location: Razgrad, North East Bulgaria (near Varna)
Investment: BGN 243 mln
New Jobs: 54

 

The U.S. company Archer Daniels Midland Company (ADM) will expand its production facility at the Amylum plant in Razgrad, with an investment of BGN 243 mln. The project includes increase of the corn processing capacity and enlargement of the sweeteners line production line, which is expected to be completed in 2019, as well as building of ethyl alcohol installation in 2020.

It will allow the company to process part of the bi-products too. Tehre will be more than 50 new jobs created, thus reaching a total number of employees of around 350. This is the single biggest investment ADM is making globally at the moment. It is expected that it will lead to internal synergies and turnover increases.

 

Source: capital.bg / Author: Yuliya Lazarova