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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24 - Manufacture of basic metals
100 jobs Number of planned job creations
Announcement Date
14 June 2005
Employment effect (start)
Foreseen end date
31 December 2006
Description
On 13 June 2005, the company Matthey, a subsidiary of Arcelor, leading player of the global steel industry, inaugurated the stainless steel tubes plant in Severnà Předlice, industrial zone of Ústà nad Labem (North Bohemia). The construction of this new production unit, dedicated to the automotive exhausts market, was completed in 11 month with a total investment of €15 million. It will employ more than 100 employees by the end of 2006. This investment is an integral part of Arcelor´s strategic ambition to accompany its customers´ moves and to develop new markets in the Eastern European countries.
Sources
14 June 2005: Hospodárske noviny
Citation
Eurofound (2005), Matthey, Business expansion in Czechia, factsheet number 61760, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61760.
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