The Bulgarian company PPS Manufacturing – the first manufacturer of nitrile gloves in Europe, became a member of the American Chamber of Commerce in Bulgaria (AmCham). The decision for the young company to join the community was made earlier this year at a meeting of the Chamber’s Board of Directors.
The new factory, which will be based in Plovdiv, is a unique project for Bulgaria and Europe, as currently there is no production of protective nitrile gloves for the healthcare, industry and general use sectors on the continent. The possibility of establishing such an enterprise in our country, especially during a pandemic, will provide a great economic advantage to Bulgaria and the EU.
„We are very pleased that since the very beginning of our development, our project has received great support. This partnership will certainly give us a new perspective on business in Bulgaria and will create opportunities for cooperation with members of the Chamber. We are honoured to be part of this global community with common goals for development and improvement of the business environment in Bulgaria and globally. “, said Georgi Petkov, Chairman of the Board of Directors of PPS Manufacturing.
„We warmly welcome PPS Manufacturing to our business community. We will do what is necessary for their successful positioning in the Chamber, including their active involvement in our committees. Their business model is a true example of nearshoring, which should be encouraged. “, said Petar T. Ivanov, CEO of the American Chamber of Commerce in Bulgaria.
PPS Manufacturing is a unique Bulgarian startup, financed entirely through the Bulgarian initiative Sustainable Cities Fund, where the investment will exceed BGN 10 million and will create over 100 new jobs in the Plovdiv region. As a corporate member of the Chamber, the company will take part in all activities, including the General Meetings, where it will be able to vote on projects and initiatives.
The American Chamber of Commerce in Bulgaria was founded in 1994 as a voluntary independent organisation uniting American, Bulgarian and multinational companies, operating in the country. It is among the leading business organisations in our country. The mission of the Chamber is to improve the business environment, the investment climate and standard of living in Bulgaria, through dialogue and cooperation between all institutions and stakeholders.