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.
Avilon, a new Finnish manufacturer of viscose fibers, re-opens an old factory in Valkeakoski with about 200 workers.
Avilon bought a factory that was closed by another company two years ago. The city of Valkeakoski has a long history with pulp and paper industry. Avilon will produce non-flammable viscose fibers, which can be used in mattresses, for example. Initially, most of the production is expected to be exported to the U.S.A. as the product complies with the U.S. fire safety regulations.
Eurofound (2010), Avilon, Business expansion in Finland, factsheet number 71378, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71378.