News Article Bulgaria industrial investment SEE Turbo Garant Turbo Hoet Group
by Property Forum | Industrial

Turbo Garant, the Bulgarian subsidiary of Belgium's Turbos Hoet Group, opened a remanufactured turbocharger plant near Sofia on June 15th, an investment project worth €2.8 million, the company said in a press release.

The plant located in the Bozhurishte Industrial Zone will rework all types of turbochargers for internal combustion engines - from those for passenger cars to turbines for heavy trucks and vessels.

The facility, which has a built-up area of 3,210 sqm, spreads over a land plot of 14,000 sqm. It employs 40 staff, with the Belgian investor expecting to double that number.

The Belgian group claims to be the largest company in Europe active in the system repairs sector that helps increase the power of engines in vehicles and in the distribution of new and recycled turbines. Turbos Hoet also has a large commercial vehicle dealer network, with 78 dealerships across eight countries, including Romania and Moldova.