Type
Business expansion
Country
Czechia
Region
Severozapad; Ustecky;
Location of affected unit(s)
NA
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23.43 - Manufacture of ceramic insulators and insulating fittings

120 jobs
Number of planned job creations
Job creation
Announcement Date
12 May 2006
Employment effect (start)
Foreseen end date

Description

Multinational company Knauf Insulation has recently launched a new production of building insulation materials in Krupka near the city Teplice. The business investment of 2.6 billion CZK which is one of the largest foreign investments in the Czech Republic will create about 120 jobs. The region suffers from a 20 percent unemployment rate.


Sources

  • 12 May 2006: Hospod├írske noviny

Citation

Eurofound (2006), Knauf Insulation, Business expansion in Czechia, factsheet number 63470, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63470.