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 Other Non-Metallic Mineral Products 23.61 - Manufacture of concrete products for construction purposes
120 jobs Number of planned job creations
Announcement Date
19 May 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
Betonika, a company which belongs to Consolis group from Finland one of the largest manufacturers of prefabricated concrete elements in Europe, intends to build a new factory and create 120 new work places in Kaunas. Consolis group has over 100 factories and operates in 20 countries. Betonika was established to give a foothold in the Lithuanian market for Consolis in 1999 and now it is the only subsidiary in Lithuania. The new factory in Kaunas is planned to be finished at the beginning of 2007.
Sources
19 May 2006: Lietuvos Rytas
Citation
Eurofound (2006), Betonika, Business expansion in Lithuania, factsheet number 63520, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63520.
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