Thursday, December 23, 2010
Great Wall will open a plant in Bulgaria
It was clear that Great Wall had their eyes on a European country was responsible for building a factory to assemble cars for the EU. Well, we have confirmed the place and those responsible have decided to let the Bulgarian town Bahovitsa.
As reported by the firm, the firm will build about 50,000 units annually and will employ over 1,200 people directly. For the financing will have the strong support of Grisha Ganchev, a billionaire former boxer and now entrepreneur who provide no less than 90% of required capital. The remaining 10% will put Great Wall, and oddly enough, the total amount amounts to nothing less than 97 million euros, far from negligible.
Models and engines will be used for local range have not yet been reported, although it will not take long to realize something, since the middle of next year will begin with the construction of facilities.
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