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Peugeot to increase orders

Thu, Nov 15 2001 13:00 CET 62 Views
The number of car accessory orders placed with Lovech-based leatherwear factory Velur by the French auto maker Peugeot will increase sevenfold by the end of the year, executive director Krasimir Pavlikianov said on Monday.

Peugeot has made eight new pieces of manufacturing equipment available under a leasing contract which will be repaid with services. Another 18 will also be imported soon to increase productivity and guarantee that products are of European quality. The investment totals 150,000 leva.

Pavlikianov expects the new government to successfully tackle the problem of price dumping by importers of low-quality leather from the Far East. Domestic production costs suffer from the export of raw leather as well because raw leather is not sold in Bulgaria, he said.

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