TED BED starts a new project for more than 10M BGN
The year 2018 will be a milestone in the development of the TED BED EAD company. The largest Bulgarian manufacturer of mattresses, beds and bedroom accessories holds 38% of the domestic market and exports to over 30 global markets. The rapid expansion of the company in the past years and the competition with many of the global brands in the industry have led to important strategic decisions with a future impact. Furthermore, TED is willing to contribute to the image of Bulgaria as an exporting country of quality products in general.
The new investment of the TED company, accounts on more than 10M BGN and it is aimed at the construction of new office building on a territory of 14 000 sq.m. and also additional production facilities that will expand the existing industrial built-up area on the current 29,000 sq.m. TED BED EAD is developing its business operations and is planning a strong presence on the international markets in the mid-term /for a period of 3 to 5 years/. The funds will be directed for the establishment of new modern production related to the main activity of the company - processing of wood and confection of polyurethane foam and high-tech foams. The machinery and whole equipment will be last generation and this will increase efficiency and will improve the working environment.
To ensure the successful implementation and the proper operation of the new equipment later, the company will focus on recruiting motivated new employees and will invest in their training. Despite the difficulties that many employers face in searching for laborers, TED has succeeded in building up a team for which impossible things simply do not exist. The company operates under the conditions of established hierarchy, excellent opportunities and development schemes for young people in an international environment.
On July 23, 2018, with a modest ceremony and a shattered bottle of champagne, the first sod was made. TED Executive Director Eng. Elin Todorov did not hide his excitement: "This is another new beginning for us and I am more than convinced that we will conquer more peaks. I'm calm when I make investment decisions because I know I have a great team behind me that never surrenders. "
About the company:
The company is part of the TED Capital holding, consisting of 10 companies operating in different business areas - production of mattresses, springs, machine building, trade with ceramic products, cargo transport, construction, chain stores and media agency, and TED is the largest in the holding. TAD BED EAD is a leading European producer of mattresses, bedding, sleeping systems and bedroom accessories with more than 20 years of experience in this field and a diverse portfolio of quality and proven products for sleep. TED has a fully renovated production base, located on 30 000 sq.m. area, with an annual production capacity of 1,600,000 items and a storage capacity of 20,000 items. Machine equipment includes brands such as Massias, Mammoth, Ethan, Lamit. The company is certified according to the international standard ISO 9001: 2015; it has also acquired OEKO-TEX for mattresses and LGA certificate from a prestigious German laboratory for some of its most popular models. The company has many registered trademarks and patents.
The TED brand has a leading position in the Bulgarian market and it exports to around 30 foreign markets - Germany, the Netherlands, Spain, Malta, Republic of Croatia, Slovenia, Hungary, Estonia, Greece, India, Thailand, Korea, Japan, Australia, etc. In the last year,s the company has registered numerous brands and has won many awards from various exhibitions. TED's mission is to contribute to a better life, by improving the coziness and comfort of the most private space in every home.