Every year the Bulgarian metallurgical industry traditionally marks the holiday on Nov 5th. This time, however, it was marked on Nov 7th in the production base of ETEM, a company specialized in the manufacturing of aluminium profiles for architectural systems, automotive and other industrial applications.
“The Metallurgical Industry is like the backbone of the Bulgarian Economy’s growth. Investments are aimed at providing an added value and quality products that can compete globally”, George Mentzelopoulos, CEO of ETEM, revealed during the official ceremony.
Among the most important investments falls the latest direct extrusion line, 8 automatic machining stations for automotive products, 2 automatic warehouses with over 1,500 tons of aluminium profiles, fully automated internal transport system, car cranes and transport tunnels, two new laboratories with a cutting-edge technology.
The company's aluminium profiles can be found in many expensive cars, such as Audi, Jaguar, Rolls-Royce, BMW, Land Rover and partially in the Volkswagen models.
ETEM will continue with its traditional business, focused on the production of architectural profiles. The company is one of the fewest in Europe with a declaration on ecological products.
The significance of the industry was emphasized by the chairman of the Bulgarian Metallurgical Industry Association, Anton Petrov. He declared that during the transition year, the industry produced an output of nearly BGN 7 billion more than before. We sold more, we exported more.
"There are exactly 10 metallurgical enterprises on the territory of the country. Aside from the directly employed in the sector, there are nearly 50 thousand more, who are indirectly involved with it," added Petrov.
The Deputy Prime Minister, Tomislav Donchev, who was among the special guests of the event, declared that the country will not hinder, but will help the industry. "Ensuring that the cost of energy resources is quite fair and appealing is a particularly sensitive topic for this industry; and so, we will work in this direction," Donchev put in categorically.
Yordanka Fandakova, Mayor of Sofia, assured that the Sofia Municipality's vision is to attract investments in modern and clean manufacturing.
The production data in this niche is quite significant. It represents 5% of Bulgaria's GDP and creates conditions for the development of other sectors as well. "This is an industry that has invested no less than BGN 4 billion in recent years, nevertheless the economic conditions.
“It’s a tremendous achievement with a great impact on the development of the Bulgarian economy; its meaning is beyond the comprehension of our politicians and elite”, the Chairman of the Bulgarian Industrial Association, Bozhidar Danev, commented.
The metallurgical industry in our country has already employed about 13,000 qualified specialists, as the indirectly unemployed are over 50,000. In 2016, the investments in the sector went beyond BGN 120 million.
The released production is worth over BGN 6.8 billion, as the added value goes about BGN 846 million.
The conventional celebration of the industry was greeted by over 200 representatives of the industry, including The Deputy Minister of Economy, Lachezar Borissov, CEIB President Kiril Domuschiev, the chairman of The Association of Industrial Capital in Bulgaria (AISB), Vasil Velev and chairman of the Bulgarian Chamber of Mining and Geology Nikolay Valkanov.