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.
Wales; West Wales and The Valleys; Bridgend and Neath Port Talbot
Location of affected unit(s)
Pencoed
Sector
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.23 - Manufacture Of Builders Ware Of Plastic
65 jobs Number of planned job creations
Announcement Date
29 August 2018
Employment effect (start)
Foreseen end date
Description
Rockwool Ltd which manufactures fireproof materials used in cladding has announced that it is to create 65 new jobs. Rockwool has been based in South Wales for 40 years and currently employs around 400 people. The company will restart a production line which was discontinued in 2008 following the global financial crisis and the subsequent drop in demand. The recent high profile case of the Grenfall Tower disaster has led to an increase in demand for the company's fireproof materials.
Some nearby residents had objected to the company's plans on environmental grounds, but the proposals were voted through by local councillors. The timeframe for the creation of these jobs has not been announced.
Sources
Citation
Eurofound (2018), Rockwool, Business expansion in United Kingdom, factsheet number 95382, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95382.
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