Kronospan Holdings

Type
Business expansion
Country
Poland
Region
Location of affected unit(s)
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
500 jobs
Number of planned job creations
Job creation
Announcement Date
7 April 2006
Employment effect (start)
Foreseen end date

Description

Kronospan Holdings, incorporated in Cyprus two years ago, is planning construction of a third factory in Poland (in addition to the two large factories it already operates in Szczecinek and in Mielec). The 200 million euro factory will eventually employ over 500 people. Negotiations are now underway with local government bodies concerning the new plant's location. Talks have already been held with the authorities in Olsztyn and in Nidzica; Pasłęk not far from Elbląg (in Warmia and Mazury region), is also a possibility. The new factory will produce bitboard from lumber mill waste. Kronospan Holdings has manufacturing operations in 15 countries, with the largest numbers in Poland and in Germany.

Sources

  • 7 April 2006: Rzeczpospolita

Citation

Eurofound (2006), Kronospan Holdings, Business expansion in Poland, factsheet number 63314, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63314.