HOYO-SHK Modern Agricultural Equipment

Type
Business expansion
Country
Romania
Region
Macroregiunea Unu; Centru; Braşov
Location of affected unit(s)
Brasov (Brasov county, Centre region)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
500 jobs
Number of planned job creations
Job creation
Announcement Date
15 November 2008
Employment effect (start)
1 January 2009
Foreseen end date
30 June 2009

Description

HOYO-SHK Modern Agricultural Equipment, the European representative for Shoutuo Agricultural Machinery Equipment from China, announced an investment of 20 million dollars USA. The new plant for assembling small tractors will be opened at Brasov (Brasov county, Centre region), at the beginning of 2009. In the first phase, the number of persons employed will be 150 and will increase to 500 in the next 6 months.

Sources

  • 18 November 2008: Ziarul Financiar

Citation

Eurofound (2008), HOYO-SHK Modern Agricultural Equipment, Business expansion in Romania, factsheet number 67500, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67500.