Greenfield investments in emerging economies like Bulgaria have been predominantly in engineering industries. The first wave of such capital inflows was in mass production facilities. Now we are at the dawn of the second wave when the foreign capital inflows are shifting from mass production to a “leaner” and in some cases craft custom and small series productions.
The modern European manufacturing is dominated by discrete productions such as machine-building, automotive, commercial vehicles (planes, trains, ships), home appliances, electronics, medical equipment, etc. The wide range of those original equipment manufacturers, as well as their tier one and even tier two suppliers, we call engineering manufacturing.
This latest Trakia Tech snapshot report of the industrial structure in emerging Europe, benchmarked to Germany, shows how and where engineering industries are still catching up.
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