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 25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
500 jobs Number of planned job creations
Announcement Date
3 July 2007
Employment effect (start)
1 December 2009
Foreseen end date
Description
Steel Mills, a Slovakian firm, plan to establish a new steelworks in Strážske in east Slovakia that will employ around 500. Construction work on the new investment is due to start in spring 2008. The investment is worth about 5 billion SKK and is to be financed by domestic capital. Employment at the plant is due to start at about the end of 2009. The new steel plant will produce about half a million tons of different iron elements for construction. According to the Enviconsult Company which assessed the project, the technology in the new steel mill will use an electrical melting furnace for the steel processing and it will not harm the environment.
Sources
3 July 2007: Hospodárske noviny
Citation
Eurofound (2007), Steel Mills, Business expansion in Slovakia, factsheet number 65605, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65605.
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