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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38.32 - Recovery of sorted materials
200 jobs Number of planned job creations
Announcement Date
16 December 2004
Employment effect (start)
1 April 2005
Foreseen end date
31 December 2009
Description
Canadian Kouei International will invest €22.5 million in recycling technologies in Slovakia during the next five years. Used tyres and later on polyethylene bottles will be recycled in the new plant. According to Director General John Novak, the low taxation, qualified labour force and grounds available in the region were the most attractive factors for allocation of the new investment. An updated technology, keeping high American and Japanese environmental standards, will be used there for the first time in Europe. Slovak Ministry of Economy assumes he will provide an investment stimulus of about €3 million too.
Sources
16 December 2004: Hospodárske noviny
Citation
Eurofound (2004), Kouei International, Business expansion in Slovakia, factsheet number 60930, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60930.
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