Restructuring events
European Restructuring Monitor (ERM)
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.
Krys Group is an French leader in optics that is continuously investing in French production. In November 2016, the company has completed a 8mln€ investment in its glass production site in Bazainville (France). The investment has been supported through the help of BPI France for 2mln€ and through tax credit for competitive employment for 1,2mln€. The backshoring process from Asia started in 2012 when floods in Thailand blocked the local production. On that occasion, Krys relocated to Yvelines (France) the production of about 250.000 lenses investing 1mln€ in automation. During these years Krys Group invested 12mln€, half of which in purchase of machinery. To date, the company has obtained 8 million euros of public subsidies. The made in effect of relocation back to France has added value to Krys' products.
Eurofound (2016), Krys Group, Reshoring in France, factsheet number 148, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/148.