Belgian electronic components manufacturer Melexis has started the construction of a new plant in Bulgaria's capital Sofia, in which it plans to invest a total of EUR 75 million in the next five years.
Melexis aims to increase the manufacturing space as well as significantly expand the R&D and warehousing facilities, adding a further 15,000 sq m to its 7,500 sq m facility in Bulgaria.
By the end of 2018, the company will invest EUR 17 million in the new plant. Its workforce is expected to grow from 475 to 575 by the end of 2018, with by a further 300 by the end of 2022. The new plant is expected to be completed in two years.
In parallel, Melexis is also investing in a brand new wafer-probing site in France.
"We are excited to be expanding in two other European locations to help us meet our global growth plans in terms of R&D, logistics and manufacturing capacity for the medium-term future. Not only will these investments bring additional resource and capacity, but also they will ensure that we have a tightly coupled and consistent supply chain to serve our customers [...]," Veerle Lozie, vice president of operations for Melexis, said in the statement.
Melexis Bulgaria produces microchips for the automotive industry.
Melexis is a global supplier of micro-electronic semiconductor solutions. The company hires more than 1,400 in 14 countries, worldwide.