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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.21 - Manufacture of veneer sheets and wood-based panels
450 jobs Number of planned job creations
Announcement Date
8 May 2017
Employment effect (start)
8 May 2017
Foreseen end date
31 December 2017
Description
Turkish company Yildiz Entegre operating in forestry products sector is to create 450 new jobs at the new plant in Oarja (Arges County). The new jobs will be created by the end of 2017.
The new plant will produce MDF (Medium Density Fibreboard) used in the furniture industry. The company invested 150 million Euro in the new plant.
Yildiz Entegre exports to more than 50 countries and has a total employee base of over 2,000.
Sources
8 May 2017: news.ro
8 May 2017: Wall-Street.ro
8 May 2017: Ziarul Financiar
8 May 2017: romaniajournal.ro
Citation
Eurofound (2017), Yildiz Entegre, Business expansion in Romania, factsheet number 90848, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90848.
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