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 (24 - 25) Manufacture of metals 24.5 - Casting of metals 24.52 - Casting of steel
704 jobs Number of planned job creations
Announcement Date
19 May 2007
Employment effect (start)
1 January 2009
Foreseen end date
Description
The Ros Casares Group is to create 704 new jobs in Sagunto with the construction of a new steel casting plant. The new site will be located in a technological park in Sagunto and will involve an investment of 569 million EUR. The new plant will operate under the name of Brava Steel and it is expected that production will commence in early 2009.
Sources
29 August 2007: El País
19 May 2007: El País
Citation
Eurofound (2007), Brava, Business expansion in Spain, factsheet number 65452, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65452.
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