December 02, 2008

Bulgarian metallurgical industry to invest BGL 1.7 billion by 2010

According to Bulgarian Association of the Metallurgical Industry, the local and foreign investors are expected to pump BGL 1.7 billion in Bulgaria's metallurgical industry through 2010.

Mr Politimi Paunova chairperson of the Bulgarian Association of the Metallurgical Industry said that that industry data showed that production of ferrous and non ferrous metals like lead, zinc and copper rose 10% in 2007 and the industry manufactured products for BGL 7.7 billion in terms of value last year or 15% of Bulgaria's total industrial output.

He added that the only laggard is ferrous metallurgy which posted an output that twice as low the relevant EU mark.