Type
Business expansion
Country
Portugal
Region
Continente; Norte; Grande Porto
Location of affected unit(s)
Vila do Conde
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

150 jobs
Number of planned job creations
Job creation
Announcement Date
8 May 2008
Employment effect (start)
30 September 2009
Foreseen end date

Description

Qimonda AG, a German producer of dynamic random access memory (DRAM) for a wide variety of applications, plans to create 150 jobs with the development of a new plant in Vila do Conde producing photovoltaic cells (applied in sun panels). As of May 2008, there is no information on when the new jobs will be created by. This investment results from a partnership between Qimonda and the Centrosolar Group. In a second phase (not yet approved) the business may expand and bring the total workforce at the new plant to 200. In the future, another three plants may be developed in the same area.


Sources

  • 8 May 2008: P├║blico

Citation

Eurofound (2008), Qimonda, Business expansion in Portugal, factsheet number 66644, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66644.