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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
300 jobs Number of planned job creations
Announcement Date
12 November 2007
Employment effect (start)
Foreseen end date
Description
Celtex Company, a Slovak firm that produces sanitary goods and toilet requisites, is to expand its production by opening a new plant in Rožňava. It first announced in November 2007 that it would invest SKK 260 million and create 150 new jobs there. Now, Celtex management announced that it will increase the investment up to SKK 400 million and the number of new jobs has been revised to at least 300. Employment effect start and timeline have not yet been announced.
The main company is located in Ivánka pri Dunaji near Bratislava and has been in operation since 1922. The Celtex share of the local sanitary goods market is about 15% and the company management plans to increase this by the establishment of a new production unit. Part of production is exported to multinational retail chains operating in Europe.
Sources
22 January 2008: Hospodárske noviny
12 November 2007: Hospodárske noviny
Citation
Eurofound (2007), Celtex, Business expansion in Slovakia, factsheet number 66278, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66278.
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