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 Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.1 - Sawmilling and planing of wood
400 jobs Number of planned job creations
Announcement Date
1 August 2005
Employment effect (start)
Foreseen end date
Description
The Polish producer of floor boards and parquet flooring Barlinek announced its intention to invest €40 million in setting up a factory in Arad (Vest region, Arad county). The company is currently searching for an 11 hectare-site for the factory grounds.
Local authorities in Arad, following receipt of a letter of intent from Barlinek, declared that the investment would create 400 new jobs and would contribute to the economic development of the region as the wooden material would be acquired locally. According to the PrefectÂ’s Office in Arad, Barlinek declared its intention to buy around 250,000 cubic metres of wood annually over a 10 year period at the least.
Sources
1 August 2005: Economistul
1 August 2005: Ziarul Financiar
Citation
Eurofound (2005), Barlinek, Business expansion in Romania, factsheet number 62203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62203.
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