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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.11 - Manufacture of metal structures and parts of structures
500 jobs Number of planned job creations
Announcement Date
10 March 2016
Employment effect (start)
9 March 2016
Foreseen end date
31 December 2016
Description
Prolyte Products Romania, which is part of the Dutch Prolyte Group, has opened a new factory in Piatra-Olt for the production of aluminium special structures for the entertainment or industrial use. The opening of the factory will generate about 500 new jobs.
The construction of the site started last year with a total investment of over 18 million lei (approximately 4 million euro) and it was subsidised by the European Union with the support of Eximbank.
Sources
11 June 2015: gazetanoua.ro
10 March 2016: gazetanoua.ro
9 March 2016: evenimentdeolt.ro
10 March 2016: Wall-Street.ro
Citation
Eurofound (2016), Prolyte Products, Business expansion in Romania, factsheet number 86678, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86678.
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