Switzerland’s LEM to open 1.6 mln euro plant in Sofia

Switzerland-based voltage transducers maker LEM will open a 2.0 million Swiss francs ($2.18 million/1.63 million euro) plant in the Bulgarian capital Sofia, the company said.

The company plans to ramp up production in Bulgaria in October, LEM said in a press release published on its website on Friday.

Through the construction of the new unit, LEM will aim to diversify low-cost production, to increase production capacity close to its European customers and at the same time to achieve better matching currencies of sales and cost.

The new plant will be set up on a 4,500 square metres of leased property in Sofia. In its initial phase it will employ 50 people.

LEM will continue to relocate production lines from the plants in Japan and Switzerland to low-cost countries, the press release added.

LEM is a mid-size global provider of innovative solutions for measuring electrical parameters, its core products being current and voltage transducers. It employs approximately 1,200 people worldwide and has production plants in China, Switzerland and Japan.

(1 euro=1.2296 Swiss francs)

Choose your newsletter by Renewables Now. Join for free!