Peter Simon ABB in Bulgaria © ABB Group April 2, 2012 | Slide 1 ABB in Bulgaria Overview © ABB Group April 2, 2012 | Slide 2 Since early twenties of 20th century in Bulgaria Since 1996 production in Bulgaria Today we have three companies in five locations with total number of 1045 employees 90% of the production for export, to ABB companies in Europe ABB in Bulgaria Activities Sales of low, medium and high voltage equipment Execution of power projects for utilities and industry Production of HV Disconnectors and components for medium and low voltage products Service for Turbochargers ABB in Bulgaria Five locations in Bulgaria © ABB Group April 2, 2012 | Slide 4 ABB Bulgaria EOOD Low Voltage Products factory in Petrich Since 1996 5,000 sqm 291 employees © ABB Group April 2, 2012 | Slide 5 ISO 9001, ISO 14001 BS OHSAS 18001 ABB Avangard AD High Voltage Products factory in Sevlievo 01.03.1962 State owned Factory Avangard 15.08.1996 Avangard was privatized by ABB; 385 employees Actual number of personnel at ABB Avangard is 78 © ABB Group April 2, 2012 | Slide 6 ABB Automation EOOD Low Voltage Products factory in Rakovski © ABB Group April 2, 2012 | Slide 7 Production started on 10.2009 598 Employees 2 Plots 35 000m² 27 000m² Orders Received Bulgaria Orders received Bulgaria 100000 90000 80000 TUSD 70000 60000 50000 40000 30000 20000 10000 0 0612A 0712A 0812A 0912A Orders received © ABB Group April 2, 2012 | Slide 8 1012A 1112A 1212B ABB Bulgaria Number of Employees by type 1400 1184 1200 1011 1000 894 Blue Collars 800 600 647 White Collars 1032 876 463 400 773 525 338 200 0 © ABB Group April 2, 2012 | Slide 9 125 122 121 135 152 2008 2009 2010 2011 2012B HR - BGAUT Operation Team! ADB/ECS Material Mngmnt LVB LVB 1. Todor Belev 2. Lazar Mateev 3. Svetoslav Peykov 4. Plamen Georgiev 5. Georgi Todorov LPD LPD ADB/ECS programming 6. Ivan Ivanov 7. Ivan Dimov 8. Georgi Georgiev 9. Tonka Nedelcheva © ABB Group April 2, 2012 | Slide 10 10. Vaklin Ivanov Maintenance IT Quality ADB/ECS BGAUT Total Efficiency Development © ABB Group April 2, 2012 | Slide 11 ABB in Bulgaria Why Bulgaria © ABB Group April 2, 2012 | Slide 12 Last low cost country in the EU Member of EU and NATO, stable political environment Friendly investment climate Human Capital Pan – European Corridors Attractive tax System Fixed exchange rate ABB in Bulgaria 5 Success Factors Training of employees, clear responsibility Not promise what will not happen! Use local network, chambers, embassies, agencies, business clubs, lawyers etc. Be patient, accept local culture Business ethics and integrity at all levels © ABB Group April 2, 2012 | Slide 13 ABB in Bulgaria Conclusion Bulgaria is better than its image! If you make it right, you can make profit in Bulgaria © ABB Group April 2, 2012 | Slide 14 © ABB Group April 2, 2012 | Slide 15