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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
100 jobs Number of planned job creations
Announcement Date
25 May 2005
Employment effect (start)
Foreseen end date
Description
Kappa Packaging, a leading European Paper, Board and Packaging company, opened on 25 May 2005 a new plant for the production of packaging from backed corrugated board in Holice, industrial zone of the city Olomouc. The new plant in which Kappa invested over €11 million will create more than 50 new jobs and another 50 jobs will be created in supplier firms. The project contributes to the improvement of employment in the Olomouc region, which is with its 12.52 unemployment rate the third most affected region in the Czech Republic. The company is represented with five plants with an annual production capacity of 200 million square meters of corrugated board and 60 tons of paper. It currently employs 514 people. The majority owner of Kappa Packaging in the Czech Republic is the supranational company Kappa Packaging B.V. with the head office in the Netherlands.
Eurofound (2005), Kappa Packaging, Business expansion in Czechia, factsheet number 61688, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61688.
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