Stomil Olsztyn

Type
Business expansion
Country
Poland
Region
Makroregion północny; Warmińsko-mazurskie; Olsztyński
Location of affected unit(s)
Olsztyn
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
520 jobs
Number of planned job creations
Job creation
Announcement Date
24 October 2004
Employment effect (start)
1 January 2006
Foreseen end date
30 June 2006

Description

Michelin, the main shareholder of Stomil Olsztyn (producer of tyres), will invest in the Warmińsko-Mazurska Special Economic Zone. New investment of €239 million will include the expansion of the existing production facilities, building new production facilities and a new logistic centre. The Polish government announced that Stomil will benefit from a public help of €32.8 million. As of August 2006 Michelin has hired 400 of the planned 520 people.

Sources

  • 1 August 2006: Puls Biznesu
  • 10 April 2006: Rzeczpospolita
  • 13 February 2005: Rzeczpospolita
  • 5 January 2005: Gazeta Wyborcza

Citation

Eurofound (2004), Stomil Olsztyn, Business expansion in Poland, factsheet number 60985, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60985.