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Litex Motors Corporation, a joint venture of the Chinese private automaker Great Wall Motors (GWM), here on Tuesday won Bulgaria's award "Investor of the Year 2012" in the Machine Building category, Xinhua reported.
The joint venture between GWM and its Bulgaria partner Litex Commerce opened last February an auto assembly plant near the town of Lovech in northern Bulgaria, involving an investment of 29 million U.S. dollars. The plant with a total value of 130 million dollars is expected to make 50,000 vehicles annually after its final completion around 2015, according to InvestBulgaria Agency (IBA), the organizer of this event.
Related News in English
Povezane vesti na srpskom
Συναφείς Ειδήσεις στα Ελληνικά