The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.73 - Wholesale of wood, construction materials and sanitary equipment
100 jobs Number of planned job creations
Announcement Date
29 March 2023
Employment effect (start)
29 March 2023
Foreseen end date
31 December 2023
Description
Knauf Insulation, a Belgium company specialized in buildings materials and construction systems has started construction of its new production facility in Tarnaveni (Mures County), which is due to be finalized at the beginning of 2024. The plant will have a production capacity of more than 100 million square meters and 100 people will be hired. The total investment in the Knauf Insulation is €135 million and will have a significant impact on the company's turnover, which will increase by more than 50 million euros annually.
Globally, the company has 41,000 employees in more than 90 countries and over 300 plants.
Eurofound (2023), Knauf Insulation, Business expansion in Romania, factsheet number 108748, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108748.
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