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 Paper And Paper Products 17 - Manufacture of paper and paper products
100 jobs Number of planned job creations
Announcement Date
12 June 2017
Employment effect (start)
12 June 2017
Foreseen end date
31 January 2018
Description
Hungarian-owned paper manufacturer Vajda-PapÃr is building a new plant in Dunaföldvár. The HUF 11 billionn (EUR 3,56 million) greenfield investment is subsided by the state with a HUF 4,5 billionn (EUR 1,45 million) grant.
The 23,000 square-metre new plant will become operational next February and will employ 100 people. The facility will produce 35-40,000 tons of semi-processed paper annually and will provide half of the company's needs, all of which is imported at present.
With a turnover of HUF 26 bn (EUR ,42 million) in 2016, Vajda-PapÃr also has plants in Poland and Norway.
Sources
12 June 2017: duol.hu
12 June 2017: mfor.hu
Citation
Eurofound (2017), Vajda-PapÃr, Business expansion in Hungary, factsheet number 91255, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91255.
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