A Bulgarian producer of technical parts is expanding its manufacturing base outside the capital Sofia to enable it to extend its business activities.
LIM Technics OOD plans to invest in the construction of a new production hall and an office building on a site in the Sofia-Bozhurishte Economic Zone, more than 7 miles west of the capital, according to Bulgaria's Economy Ministry.
Formerly known as Silcotech Bulgaria, the Sofia-based company was renamed and began operating in March 2017. It specializes in injection molding single and multicomponent plastic, silicone or metal parts used in cars, household appliances, electronic devices and medical consumables.
LIM Technics, which is investing more than 2 million euros ($2.19 million) in the project, plans to hire around 40 workers for the new operation. The firm, along with two other growing companies, received a formal development certificate for expansion in the Sofia-Bozhurishte Economic Zone in July from Bulgaria's Economy Minister Emil Karanikolov.
The company is a partnership run by Udo and Fabian Lange, vice president and president, respectively, who previously managed Silcotech group in Switzerland and in Bulgaria. They have more than 30 years of experience in this specialist molding business.
LIM Technics' work is focused on fast prototyping, followed by serial production of a wide range of injection molded components. The firm uses 3D printing to print test tools and parts within a short time, it explained.
Apart from the main injection molding operation, LIM Technics has a modern mold making shop.