Fikosota invests BGN 10 million in a new production line in Bulgaria

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The Bulgarian company, manufacturer of personal hygiene products, Ficota, has announced that they are investing BGN 10 million in a high-tech line for the production of custom products. This is what BalkanEngineer.com learned from Money.bg. In this way, the company will double its production and capacity.

The new investment also includes the closing of the assembly line from the new plant, a new working mode and completely new safety features. "Fully automated, the palletization is performed by robots that wait for a pallet in less than 2 minutes," explained Kpachen Kyupchiev, the inventor and inventor of Ficota.

The companies comment that they started 2023 with over 30% increase in revenues, and their expectations are over 450 million BGN of sales.

Investments that have already been implemented, that are in the beginning of implementation or will be started this year, for about 24 million BGN. The upcoming investments until 2025 in the initial plan are about BGN 80 million.

The sale of toilet construction in Bulgaria is over BGN 121 million, a 22% increase over the previous year. With the two brands "Milde" and "Emeĸa", Ficota holds a total of 29% market share in the market and is the absolute leader in the premium segment.

Photo source: canva.com