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 Basic Metals 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
2,000 jobs Number of planned job creations
Announcement Date
3 June 2008
Employment effect (start)
3 June 2008
Foreseen end date
30 September 2009
Description
Stomana Industry, a Bulgarian steel-maker, has announced the opening (on Tuesday, 3 June) of a new facility for the production of special steels. The new facility will employ 2000 people by September 2009 and is located in the city of Pernik, west of Sofia. Stomana Industry is owned by the Greek group Sidenor, the largest producer of steel in Greece and owner of production facilities in Bulgaria and Republic of Macedonia (FYROM). The company also operates in the steel pipe industry through its subsidiary Corinth Pipeworks. Stomana Industry has invested EUR 130 million (BGN 254 million) since 2001 when the company became part of Sidenor Group. About EUR 80 million (BGN 156 million) have been invested in the new facility in Pernik.
Sources
4 June 2008: Kathimerini
Citation
Eurofound (2008), Stomana Industry, Business expansion in Bulgaria, factsheet number 66700, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66700.
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