Vivechrom

Type
Reshoring
Country
Greece
Reshoring from
Turkey
Reshored business function
Production
Region
Location of affected unit(s)
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
No information on job gains number available
Announcement Date
23 March 2017
Employment effect (start)
1 April 2017
Foreseen end date
1 December 2017

Description

Vivachrom, which is part of Akzo Nobel group (Netherlands), is Greece's largest producer of paints. The company has decided to transfer its polish production from Marshal (Turkey) back to its Greek facility, significantly investing in the country. The relocation, announced by Vivachrom's CEO Makis Provatas, will be completed by the end of 2017. It will boost employment by 15% at the Greek warehouse.

Sources

Citation

Eurofound (2017), Vivechrom, Reshoring in Greece, factsheet number 127, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/127.