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.
Alfod es Eszak; Eszak-Alfold; Szabolcs-Szatmar-Bereg
Location of affected unit(s)
NyÃregyháza
Sector
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
217 jobs Number of planned job creations
Announcement Date
29 September 2005
Employment effect (start)
Foreseen end date
29 September 2005
Description
Michelin, Europe's biggest tyre maker, opened its new tyre factory in NyÃregyháza, Hungary. The factory will employ 217 workers to turn out 800,000 tyres a year. Local suppliers would provide 20% of the plant's orders. Michelin was set up in NyÃregyháza in 1996, with the purchase of Taurus, a maker of tractor tyres. In 2002, Michelin turned its Hungarian unit into a regional centre for Central and Eastern Europe. Michelin has plants in 75 countries. It controls 20.1% of the worldÂ’s tyre market.
Sources
30 September 2005: undefined
Citation
Eurofound (2005), Michelin Hungária Abroncsgyártó, Business expansion in Hungary, factsheet number 62366, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62366.
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