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 17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
100 jobs Number of planned job creations
Announcement Date
10 June 2019
Employment effect (start)
10 June 2019
Foreseen end date
31 December 2020
Description
Slovak paper manufacturer Harmanec-Kuvert (Eco-Investment holding) is launching a new production line in its factory in Brezno, Slovakia. The new line is set to make around 350 million environment-friendly paper bags worth between €40 and €50 million. The site currently produces 1.7 billion paper envelopes and the company envisages maintaining this production as well. According to the owner of the holding, the investment amounts to €20 million in 2019 and 2020 and will create between 100 and 130 new jobs by the end of 2020. Currently, the factory has 170 employees and the expansion would bring the total number of the workforce between 270 and 300.
Eurofound (2019), Harmanec-Kuvert, Business expansion in Slovakia, factsheet number 98044, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98044.
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