C&F Group

Type
Reshoring
Country
Ireland
Reshoring from
Germany
Reshored business function
Production
Region
Ireland; Eastern and Midland; Midland
Location of affected unit(s)
Collinstown
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
No information on job gains number available
Announcement Date
24 December 2017
Employment effect (start)
Foreseen end date

Description

C&F Group is a car components and wind turbine manufacturer, headquartered in Galway (Ireland). The C&F group employs 984 people worldwide and has clients such as IBM, EMC, APC and so on. It is reported that C&F Group will shut down its factory which makes car components in Neunkirchen (Germany) and transfer those manufacturing activities to the Collinstown plant (Ireland). Approximately 90 workers in Neunkirchen (Germany) will be affected by this closure. Senior staff said that the company has considered potential investors who may prepare to take over the business. It is also reported that the EBITADA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of C&F is € 7 millions and the sales is € 91 millions. In 2018, the company expects to reach 8% growth for EBITDA and will focuses more on Asia and Australia markets. 

Sources

Citation

Eurofound (2017), C&F Group, Reshoring in Ireland, factsheet number 89, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89.