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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.1 - Preparation and spinning of textile fibres
500 jobs Number of planned job creations
Announcement Date
29 May 2005
Employment effect (start)
27 December 2007
Foreseen end date
Description
Raumer has entered the Bulgarian market in 2004. The firm has bought a land and some buildings near the town of Sliven and shortly after, built a textile factory - spinning workshop for knitwear. At the beginning of June 2005 the number of workers there has reached 250 persons. Raumer has started building two new factories in Yambol – a town 30 kilometres away from Sliven where the first factory was built. The first one - a spinning workshop - will start its production at the end of 2006. The second one - for fibre colouring - is intended to start at the end of 2007. The overall amount of the investment in Bulgaria is expected to exceed € 30 million, of which 10 million were already invested in Sliven. The markets of Raumer Group are all over the world, but still the bigger part of the production is sold in West European countries - Italy, Germany, Spain and France. ‘The sales in the Eastern part of Europe are growing year after year’, commented the executive director of Raumer Bulgaria, Gianni Mantese. Raumer has also succeeded to enter the Chinese market.
Eurofound (2005), Raumer, Business expansion in Bulgaria, factsheet number 61685, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61685.
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