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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.51 - Manufacture of electric domestic appliances
200 jobs Number of planned job creations
Announcement Date
14 September 2018
Employment effect (start)
Foreseen end date
Description
Subsidiary of German producer of boilers, Vaillant Industrial Slovakia in Trencianske Stankovce created more than 200 new jobs. According to the first information in July 2016, company management assumed the creation of about 160 new jobs. The Company invested about €16 million to expand the production in its factory in Trencianske Stankovce, where it produces components and modules for boilers since 2005, and supplies them to factories within the Vaillant Group. Present investment doubled the space of the factory facilities. Business expansion is attributed to the growing demand for condensation boilers that also responds to the introduction of EU regulation concerning the boilers. According to the CEO of Vaillant Industrial Slovakia, Radovan Pristavok, more than four million boiler modules are annually produced in the factory. The factory exports 99% of its production, mainly to the UK and Germany.
Sources
Citation
Eurofound (2018), Vaillant Industrial Slovakia, Business expansion in Slovakia, factsheet number 95531, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95531.
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