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.
Arkomat Bulgaria plans to create between 600 and 700 jobs at its new plant in Bulgaria, located in Karlovo, which is expected to be operational by September 2015. Reportedly, the new plant will produce cable assemblies for vehicles for Volkswagen, Audi, Mercedes, Ford, Renault, Peugeot and Citroen. The investment is made by the American company Globe and the Italian ARK-O-MAT- Bulgaria LTD, which is the representative of Globe for Southern Europe.
The location of the new plant in Karlovo is dictated mainly by two reasons - the proximity of Kazanlak (where the first plant operates since 1999 with 1100 employees) and the high unemployment in Karlovo, which is above the national average.
Arkomat was founded in 1982 in Istanbul (Turkey) and it has been manufacturing welding machines and welding equipments since 1997. Since 1994, Arkomat has been an international subcontractor company for VWEST and since the beginning of 2007 – for SE BORDNETZE – BULGARIA (parts supplier for the international automotive industry).
Eurofound (2015), Arkomat Bulgaria, Business expansion in Bulgaria, factsheet number 78188, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78188.