Polipropigal

Type
Merger/Acquisition
Country
Portugal
Region
Continente; Norte; Alto Minho
Location of affected unit(s)
Arcos de Valdevez
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.2 - Manufacture of plastic products
22.22 - Manufacture of plastic packing goods
200 jobs
Number of planned job creations
Job creation
Announcement Date
24 May 2007
Employment effect (start)
Foreseen end date
31 December 2007

Description

Polipropigal, a company owned by the Spanish group Peradela, announced the opening of a new production unit in Portugal, namely in Tabaçô, Arcos de Valdevez, by the end of 2007. This factory will produce plastic packages for food and bioriented polypropylene film, and it is expected to create more than 200 jobs. The choice for this location is related to the support (not specified) provided by the Municipality of Arcos de Valdevez to attract new investment to the area.

Sources

  • 24 May 2007: Público

Citation

Eurofound (2007), Polipropigal, Merger/Acquisition in Portugal, factsheet number 65405, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65405.