Vulcan

Type
Business expansion
Country
Romania
Region
Macroregiunea Trei; Bucureşti-Ilfov; Bucureşti
Location of affected unit(s)
Bucharest
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
600 jobs
Number of planned job creations
Job creation
Announcement Date
7 May 2008
Employment effect (start)
Foreseen end date
31 December 2008

Description

Vulcan Bucharest, a Romanian manufacturer of steam generators, has announced that it to create 600 new jobs for qualified workers in 2008. This business expansion involves an investment of EUR 25 million over the next three years. In 2007, the turnover of the company increased by 58% and it is expected that it will increase by 30% by 2010.

Sources

  • 8 May 2008: Ziarul Financiar

Citation

Eurofound (2008), Vulcan, Business expansion in Romania, factsheet number 66605, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66605.