Globally operating company WITTE Automotive, recognized for the innovative and powerful know-how in the development and production of technical solutions for locking and latching systems, through its Bulgarian subsidiary WITTE Automotive Bulgaria, will lay the foundation stone of a car parts factory in the town of Ruse, on the Danube. The ceremony will take place on Thursday, 10 October 2013.
The plant is set to be one of the largest in the municipality of Ruse, consisting of innovative constructions and serving as a high-tech production capacity. It also promises to be eco-friendly and produce minimum air and water emissions. The town was picked over 12 other possibilities in Bulgaria for its good location, well-developed machine building industry and the local technical university, which will provide trained staff for the plant and the research and development center the company is set to develop.
Kambourov & Partners was retained by Witte Automotive Bulgaria to assist on all matters related to the development and construction of the plant. The team provided overall transaction assistance, including negotiation, drafting and conclusion of design and construction agreements; advise on the acquisition of land and properties; assistance through land urbanization activities, including regulatory issues and change of land status.