Boryszew

Type
Merger/Acquisition
Country
Poland
Region
Makroregion województwo mazowieckie; Mazowiecki regionalny; Ciechanowski
Location of affected unit(s)
Ostaszewo
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
130 jobs
Number of planned job creations
Job creation
Announcement Date
14 June 2014
Employment effect (start)
14 June 2014
Foreseen end date
31 December 2014

Description

Polish chemicals group Boryszew has announced that it will create 130 jobs at its factory in Ostaszewo (in the Pomeranian Special Economic Zone) by the end of 2014. According to the source, the factory was acquired by Boryszew from the Japanese company Tensho in June 2014. The source reports that the Boryszew group produces chemicals and components for the automotive industry and the factory will produce components for Volkswagen.

The source reports that the Rayon Factory was established by the Belgian Society in 1911 in Sochaczew, Poland. After the 2nd World War the factory was nationalised and the Boryszew company was established in 1991 as a result of privatisation. The ERM reported on previous restructuring announced by the company in 2014.

Sources

Citation

Eurofound (2014), Boryszew, Merger/Acquisition in Poland, factsheet number 77310, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77310.