Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2008), Stomana Industry, Business expansion in Bulgaria, factsheet number 66700, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66700.