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 (20 - 21) Manufacture of chemicals and pharmaceuticals 20 - Manufacture of chemicals and chemical products 20 - Manufacture of chemicals and chemical products
220 jobs Number of planned job creations
Announcement Date
21 June 2005
Employment effect (start)
Foreseen end date
Description
Shin-Etsu Polymer is a Japanese multinational with activities in the manufacturing and sales of materials made from silicone rubber, PVC and supplementary materials for the electronics, packaging and building & construction markets. Shin-Etsu Polymer Hungary started the production of silicone base keypad devices in Hungary in March 2004 for the European customers. The company has bought a new plant in Industrial Park of Győr. The investment will create 60-70 jobs in 2005. In the long run the company undertook to employ 220 people.
Sources
21 June 2005: Világgazdaság
Citation
Eurofound (2005), Shin-Etsu Polymer Hungary, Business expansion in Hungary, factsheet number 61784, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61784.