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
100 jobs Number of planned job creations
Announcement Date
24 October 2005
Employment effect (start)
24 October 2008
Foreseen end date
Description
A new production complex in Kostenetz paper and paper products - KPP will be built in 3 years, announced the executive director Eng. Evgeni Totev when signing the financial memorandum for €11 million. The money will be invested in building a new production unit on 45.000 square metres. The equipment will be delivered from the Italian Overmechanica. The Austrian Erste bank and the Bulgarian brunch of Immorent - the leasing company of Erste bank-Group and Sparkasse will finance the project for the modernization of the Kostenetz factory. The new production complex will allow the production of toilet requisites to meet the European standards. At the same time the range of products will be enlarged and the export is expected to grow. Currently, the factory exports to Slovakia and Slovenia, the intentions are to enter more Balkan countries markets, as well as those in the Middle East.
Eurofound (2005), Kostenetz paper and paper products - KPP, Business expansion in Bulgaria, factsheet number 62482, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62482.
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