Sustainable development
IHB invests in companies we want to manage and develop in the long term. IHB has the policy of restructuring, improving and developing the enterprises, not the one of bankrupting them in order to sell their assets.
IHB is one of the largest holding companies in Bulgaria. Its revenue for 2006 is BGN 135 m revenue and the profit is BGN 10 m. The profit tax paid in 2006 by the companies in IHB is BGN 2 m. (excluding VAT and other indirect taxes).
The social security expense of IHB group is BGN 6 m.
Most of the companies within IHB are vital for the economy structure of the country and are socially very important for the areas where they operate. For example, shipbuilding was discontinued for more than seven years, more than 5,000 people lost their job and many subcontractors went out of business after the bankruptcy of Varna Shipyard.
Through its investment in Bulyard Shipbuilding Industry /Bulyard SI/, IHB helped revive shipbuilding in Bulgaria and, as of now, more than 1,300 people are permanently employed, there are more than 600 subcontractors and a significant number of suppliers from all over the country are engaged.
Another traditional branch of a high priority is machine - building. Our goal was to preserve the production capacity and keep the highly-skilled work force and, relying on established and competitive products, to keep a part of the existing markets and embark on new ones. This approach guarantees a steady development of our companies and an opportunity to invest in new projects and create new jobs. As a result, more than 1,500 people are employed in ZMM Bulgaria Holding. The group has established itself as a leading producer of universal lathes in Europe and our production is sold all over the world.