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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
140 jobs Number of planned job creations
Announcement Date
14 April 2005
Employment effect (start)
14 April 2005
Foreseen end date
Description
In order to strengthen its position on the Central and Eastern European market, Siegling Company has decided to establish a subsidiary in Slovakia. The final selection of city Malacky came out from competition of 15 potential locations in the region. The new plant is designed as a production centre supplying the whole region. It will produce tailor-made plastic belts for single customers. About 80-90% of production will be exported and the company management plans to gain a 20% share on the regional market.
Sources
14 April 2005: Hospodárske noviny
Citation
Eurofound (2005), Siegling, Business expansion in Slovakia, factsheet number 61436, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61436.
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