Restructuring events
European Restructuring Monitor (ERM)
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.
Notilia, a company employing 270 people, is specialised in the manufacture of chemicals, soap, plastic packaging, fuels, products for swimming pools and do-it-yourself material for big retailers.
Notilia announced on 22 August 2006 that it will establish new production units leading to the creation of 50 new jobs throughout the world before the end of December 2007. Notilia is the new name of CFI (Comptoir de Financement Industriel), a company created in Nîmes in 1865. CFI was bought by the employees, who are the new owners of the world company, in 1988. Ever since then, the company activity grew by more than 3% per year.
In France it will invest in partnership (50-50 with another company) in a new manufacturing unit, which will be operational in May 2007 and is expected to create 10 jobs. In Spain, a new unit will be operational by the end of 2007 and will create 40 jobs. In Morocco, an establishment is envisaged at the end of 2006 to supply the markets of Africa.
Eurofound (2006), Notilia, Business expansion in World, factsheet number 63942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63942.