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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
100 jobs Number of planned job creations
Announcement Date
19 May 2006
Employment effect (start)
19 May 2006
Foreseen end date
18 May 2008
Description
On 19 May 2006 Froli Baltic opens a new production unit in Ventspils. Froli Baltic is a 100% German capital owned company, producing polyurethane components. The company is planning to expand its manufacturing and employ 100 workers in two years. The main reason of opening the production unit in Latvia is not low costs but the possibility to be closer to the target market and an existing logistics system.
Sources
19 May 2006: Dienas Bizness
Citation
Eurofound (2006), Froli Baltic, Business expansion in Latvia, factsheet number 63503, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63503.
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