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 Paper And Paper Products 17 - Manufacture of paper and paper products
New offshoring locations
Germany
1,250 jobs Number of planned job creations
Announcement Date
26 August 2005
Employment effect (start)
31 March 2007
Foreseen end date
Description
Myllykoski Continental, ranking among the leading international manufacturers of newsprint and magazine papers, chose the Czech Republic as a place to build a new paper mill with a total investment of CZK 13.5 billion. The new site in Opatovice was to create about 250 new jobs directly and some 1,000 jobs were expected to be created indirectly. The plant with annual production capacity of roughly 400,000 tonnes would have become one of the largest in the Central Europe. The production was to be launched by spring 2007. However, on 31 Octobre 2006, the Finish major paper industry group decided to move its proposed business project from the Czech Republic to Germany (Plattling) due to the delay in getting permission from Czech authorities and protests submitted by ecologists.
Sources
31 October 2006: Hospodárske noviny
26 August 2005: MF Dnes
Citation
Eurofound (2005), Myllykoski Continental, Offshoring/Delocalisation in Czechia, factsheet number 62436, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62436.
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