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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
65 jobs Number of planned job creations
Announcement Date
22 November 2010
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2015
Description
On 22 November 2010, Wolfgang Lux, the CEO of the Poloplast, announced a plant to increase its workforce by 60-70 people. The Upper Austrian company, which currently employs 260 staff members, is to invest EUR 20 million in its Leonding based headquarter, thus increasing its turnover from EUR 75 million to EUR 120 million and doubling its production capacity from 18,000 to 36,000 tons annually. By 2015, the company plans to employ 325 workers.
Poloplast produces plastic pipe systems, with a focus on building services, water supply and sewage systems. Besides Austria, its main markets are Germany, Italy and Scandinavia.
Sources
23 November 2010: Oberösterreichische Nachrichten
22 November 2010: Wirtschaftsblatt
23 November 2010: Wirtschaftsblatt
Citation
Eurofound (2010), Poloplast, Business expansion in Austria, factsheet number 71213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71213.
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