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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.2 - Manufacture Of Tubes, Pipes, Hollow Profiles And Related Fittings, Of Steel
No information on job gains number available
Announcement Date
15 June 2018
Employment effect (start)
1 January 2018
Foreseen end date
Description
Fine Scandinavia is a Swedish subcontractor specialized in product development and manufacturing of wood-, steel-, wire- and tube product. The company belongs to the Konga Mekaniska Verkstad AB Group owned by the family Kongamek. More specifically, Fine Scandinavia was established in 2015 after the acquisition of HJ Johanssons Industri AB by the family Kongamek. The company has two main facilities, in Sweden (Anderstop) and in Vietnam. However, in 2018, top managers decided to move back in Sweden some product lines earlier manufactured in the South East Asia plant. The company CEO declared the company based its decision mainly on the availability of high skilled workforce in the Anderstop region.
Eurofound (2018), Fine Scandinavia , Reshoring in Sweden, factsheet number 12, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/12.
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