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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
240 jobs Number of planned job creations
Announcement Date
15 March 2007
Employment effect (start)
30 April 2007
Foreseen end date
31 July 2008
Description
In early 2007, the Spanish manufacturer of parts and accessories for motor vehicles engines Manufactura Moderna de Metales/Barcelona (MMM) has set up a greenfield plant in Turda, county Cluj, investing EUR 5.5 million. M.M.M will be starting its activity in Romania with 20 employees, manufacturing metal tubes for car engines. According to company representatives, M.M.M Autoparts will employ 240 personsby the end of July 2008. The turnover of the company for 2007 was estimated at EUR 36 million, an increase of 20% compared to 2006. If the company will finalise all the investments projected in 2007, the turnover for 2008 is estimated at EUR 8 million.
Sources
16 March 2007: Ziarul Financiar
Citation
Eurofound (2007), Manufactura Moderna de Metales Autoparts, Business expansion in Romania, factsheet number 65094, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65094.
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