Malteries Soufflet, a leading malt producer and subsidiary of French agrigroup InVivo, is set to invest EUR 56 million in the construction of a new malt plant near Pleven, Bulgaria, according to a report by seenews. This investment is aimed to meet the growing demand for malt from Bulgarian breweries and create opportunities for increased exports.
The new malt house will have an annual production capacity of 60,000 tons of malt. Its completion, expected by the end of 2024, will double the company's malt production while adhering to the latest standards in terms of performance, safety, and energy efficiency.
Notably, the facility will incorporate photovoltaic panels, which are projected to generate 3.2 GWh of electricity annually, fulfilling 40% of the plant's energy requirements. This initiative will significantly reduce the carbon footprint of the operation, resulting in a decrease of over 1700 tonnes of CO2 emissions per year.
Malteries Soufflet Bulgarie generates an annual revenue of approximately BGN 25 million (EUR 12.8m) and has a workforce of 45 employees at its Pleven plant. The company operates two production facilities, one located in Pleven and the other in Haskovo.