Cerâmica Valadares

Type
Business expansion
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Vila Nova de Gaia
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
130 jobs
Number of planned job creations
Job creation
Announcement Date
9 March 2015
Employment effect (start)
10 March 2015
Foreseen end date
31 December 2015

Description

Valadares Ceramics will reopen after three years of closure. The company was saved from liquidation by former employees and new investors, such as banking, Social Security and financial investments in the municipality. New investors intend to inject EUR 1.2 million over the next five years. At this time, the company has 45 employees and will hire a total of 130 persons by the end of the year. The Valadares Ceramics will be in the name of former workers.

Sources

  • 9 March 2015: Rádio Renascença
  • 9 March 2015: TSF online

Citation

Eurofound (2015), Cerâmica Valadares, Business expansion in Portugal, factsheet number 78740, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78740.