Bulgarian factory for radiators "Corado-Bulgaria" will invest in construction of a painting workshop in the factory Strajitsa. This is the third major investment in this plant.
The total investment of the plant KORADO Group has over 25 million. Lev in 2014. They were invested over 6 million. lev as a result of which opened a production line for the production of steel panel radiators. The second phase of the program ended last month and represents an investment of 4 million. Lev - new line of tubular radiators for bathrooms, built in just 4 months. The capacity in a continuous process of work is 250 thousand. Pieces.
The construction of the painting workshop represents the third stage of the project KORADO, which however will not be the last. If the optimistic forecasts come true and the company achieved good revenue will make more investments in new production lines.
Recall that "Corrado Bulgaria" AD reported record sales growth for 2015. Production of the plant increased by 35% to almost 400 thousand. Radiators for 2015. Compared to 295,190 the number for 2014. 5% of the radiators are sold here. The plant account and profit growth of nearly 50%. That is why this year we expect even more production and thus more profit for the company, which will lead to the opening of new jobs. If these forecasts materialize, KORADO Group will become the most profitable company for radiators in Europe.