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 Other Non-Metallic Mineral Products 23.51 - Manufacture of cement
130 jobs Number of planned job creations
Announcement Date
20 May 2011
Employment effect (start)
Foreseen end date
Description
Nostra Cement plant is to start trial production in June 2011 and create 130 new jobs. The Lafarg and Strabag group invested about EUR 270 Million (with EUR 3 Million state subsidies) in the new plant. As a result of this business expansion, more than 300 jobs will be also created by supplier companies.
The building of the plant started in 2007, now the pilot phase begins and the official hand over will occur on 15 September 2011.
The plant uses energy-efficient equipment in compliance with the strictest environmental standards. About 750 thousand tons clinker and 1 million tonnes of cement can be produced annually at the plant. Most of the cement will be produced for the Hungarian market, primarily for construction works financed by Strabag, the rest will be sold to neighbouring countries.
Sources
20 May 2011: TEOL
20 May 2011: Mededzsment Fórum
Citation
Eurofound (2011), Nostra Cement, Business expansion in Hungary, factsheet number 71985, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71985.
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