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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
1,200 jobs Number of planned job creations
Announcement Date
13 July 2005
Employment effect (start)
1 August 2005
Foreseen end date
1 March 2006
Description
Ibiden Co., a Japanese supplier to the automotive industry has invested in a HUF 25 billion (over €101 million) plant in Dunavarsány, Hungary. This is the largest greenfield investment in Hungary in 2005. The factory will employ 200 people in August 2005. With the new project, the company will boost its total investment in Hungary to €200 million by the end of 2006, and a total workforce of 1,200 is expected. The Dunavarsány factory will supply Ibiden's major partners in Europe, including Volkswagen, Daimler-Chrysler and BMW, with diesel particle filters.
Sources
13 July 2005: Világgazdaság
Citation
Eurofound (2005), Ibiden, Business expansion in Hungary, factsheet number 61935, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61935.
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