Restructuring events
European Restructuring Monitor (ERM)
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.
Austrian producer of wood-based panel products EGGER has announced that it will create 400 jobs at its new production facility in Biskupiec. The factory, located in the Warmia-Mazury Special Economic Zone, Poland, is expected to open by the end of 2018. The unit will specialise in the production of melamine and chipboard boards.
Reportedly, the company has applied for a €150 million loan from the European Investment Bank (EIB). The money is to be allocated to build a chipboard factory in Biskupiec, Poland, with the value of the investment estimated to reach PLN 1bn (€232 million). Work on the factory began almost a year ago and is due to be completed in the last quarter of 2018.
EGGER was founded in 1961 in Tyrol, Austria. As of September 2018, the company has 18 production sites in Europe (Austria, France, Germany, Romania, Russia, Turkey, United Kingdom) and 24 sales offices worldwide.
Eurofound (2018), EGGER, Business expansion in Poland, factsheet number 95481, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95481.
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