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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
300 jobs Number of planned job creations
Announcement Date
21 February 2006
Employment effect (start)
31 December 2006
Foreseen end date
Description
Russian-Japanese MPG Holding has decided to invest in Slovakia and establish a new production unit in the South of the country, where unemployment is traditionally high. Modern technology will be used for the production of bare silicon, which is used in the microelectronics industry. The environment will be properly protected due to the use of modern production methods and technologies. Raw materials will come from local as well as Russian sources. The Slovak Ministry of Economy intends to provide an investment stimulus for the foreign investor.
However, the project has run into difficulties in March, due to problems with selling the land, owned by the municipality. The problem was caused by a recent decision of the Slovak Government to temporarily stop the privatisation of national property.
According to the recent information, the above mentioned problem was solved and the production will start in the course of 2007.
Sources
19 December 2006: Hospodárske noviny
21 February 2006: Hospodárske noviny
27 March 2006: Hospodárske noviny
Citation
Eurofound (2006), MPG Holding, Business expansion in Slovakia, factsheet number 62985, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62985.
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