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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38.32 - Recovery of sorted materials
100 jobs Number of planned job creations
Announcement Date
12 July 2006
Employment effect (start)
1 January 2008
Foreseen end date
Description
A factory for solid waste and bio-waste will be built in Shumen in 14 months time, starting from the autumn of 2007, announced Mr. Stefan Terziev, representative of ICS International Consulting SP and executive director of Biogroup AD, Shumen. The expected investment amounts to Euro 49 million. The municipality will give needed land for the factory, which is about 200,000 sq.m. on the territory of the future Hi-tech park. The new factory will create about 100 jobs. Experts expect that no less then 2 million tons of waste will be worked out to diesel, high–octane petrol, asphalt and other products.
Sources
13 July 2006: Pari
Citation
Eurofound (2006), ICS International Consulting SP and Biogroup AD, Shumen, Business expansion in Bulgaria, factsheet number 63785, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63785.
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