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.
Bistriţa Năsăud (Nord-Vest region, Bistriţa-Năsăud county )
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
250 jobs Number of planned job creations
Announcement Date
13 February 2006
Employment effect (start)
13 February 2006
Foreseen end date
Description
The Swiss company Alu Menziken Aerospace announced its intention to invest €6 million in Bistriţa-Năsăud county (Nord-Vest region), in an industrial site for aluminium processing.
The new factory will specialize in aluminium extrusion, mainly used in manufacturing airplane components.
Alu Menziken Aerospace is a worldwide leading manufacturer of small and medium-sized aluminium extrusions as well as a logistics services provider for the global airline industry. The group owns four factories in Switzerland and the United States.
Alu Menziken Aerospace made public its intention through the Romanian Agency for Foreign Investment (Agenţia Româna pentru Investiţii Străine, ARIS) and is currently looking for 4 hectares of land to start construction on the factory.
If the investment comes through, it will create 250 new jobs in Bistriţa-Năsăud, and over a four-year period, 15% to 20% of the profit will be reinvested.
Sources
13 February 2006: Economistul
Citation
Eurofound (2006), Alu Menziken Aerospace, Business expansion in Romania, factsheet number 63065, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63065.
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