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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
800 jobs Number of planned job creations
Announcement Date
19 April 2007
Employment effect (start)
Foreseen end date
31 December 2009
Description
German Prymetall Company will invest in north Slovakia. A Greenfield investment of around 1.5-2 million EUR will be located in the industrial park of Dolný KubÃn. Different sots of copper straps for electric installation will be processed in the newly established cutting centre. Utilux Company, which also operates in Dolný KubÃn, will be the main customer of the production. Around 200 new jobs will be created. Start and timeline of the production is not announced yet.
According to present information, the production in the company has started on 12 November 2007. The company management plans to increase the total number of new jobs up to 800 until the end of 2009.
Sources
4 December 2007: Hospodárske noviny
19 April 2007: Hospodárske noviny
Citation
Eurofound (2007), Prymetall, Business expansion in Slovakia, factsheet number 65268, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65268.
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