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 Food And Beverage Manufacture Of Food Products 10.81 - Manufacture of sugar
260 jobs Number of planned job creations
Announcement Date
31 October 2006
Employment effect (start)
15 October 2006
Foreseen end date
31 October 2006
Description
After six years of main activity's interruption and restructuring measures Bulgarian Sugar 2002 in Dolna Mitropolia has hired 260 new employees. The company has also invested BGN 2.3 million in the new equipment, roofs and stores.
At the beginning of the last week the company produced the first tonnes of white sugar for domestic market. According to Valentin Panchev, the company manager, Bulgarian Sugar 2002 will produce 600 tonnes of refined sugar per 24 hours. He added that consequently the refinery will reach its annual quota, which is about 40,000 tonnes of raw material, within three months. The manufacturing of sugar products is increasing as well. The company has 16 own trademarks. At present, there are 400 people employed in both productions.
Eurofound (2006), Bulgarian Sugar 2002, Business expansion in Bulgaria, factsheet number 64351, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64351.
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