New E-Bike Plant to Create 1,000 Jobs

Jerusalem, 30 October, 2022 (TPS) -- RAVADINOVO, SOUTHERN BULGARIA, 29.10.2022 (BTA)
A new plant for e-bikes near Plovdiv will create 1,000 new jobs, it transpired during a visit by Innovations and Growth Minister Alexander Pulev to the leading manufacturer of e-bikes, the ministry said.

At a meeting with the owner of Maxcom Maxim Mitkov the minister discussed the future plans of the company and the construction of the new plant for e-bikes in the Trakia economic zone near the village of Ravadinovo. The Bulgarian company is among the largest European manufacturers of bicycles, turning out over 400,000 annually.

Maxcom and the Austrian giant Pierer are building together the new factory. The investments is worth BGN 120 million and will open 1,000 new jobs.. The plant is scheduled to open in the second half of 2023 and production will begin in 2024.

In mid-May, Pierer and Maxcom Mobility received a Class A investment certificate by the InvestBulgaria Agency and the Ministry of Innovations and Growth. The investment will make Bulgaria a European leader in the production of e-bikes.

On Tuesday during a visit at Trakia economic zone Pulev said that another company, Leader96, will invest BGN 50 million in a new plant for e-bikes and this will open another 300 jobs.

Pulev said that certification is underway for four investment projects, worth BGN 42.5 million, which will open potentially 224 new jobs. The companies are from Turkey, Sweden, the Netherlands and Austria.