Smart Wood Romania

Type
Business expansion
Country
Romania
Region
Macroregiunea Doi; Nord-Est; Bacău
Location of affected unit(s)
Onești
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.27 - Finishing of wooden products
100 jobs
Number of planned job creations
Job creation
Announcement Date
17 September 2019
Employment effect (start)
24 September 2019
Foreseen end date
30 September 2022

Description

Wood sticks for food manufacturing company Smart Wood Romania announced plans to expand its business with the opening of a new plant in Onești, Bacau County. The company invested €8 million in the construction of the new plant and will create 100 jobs by 2022.

Smart Wood Romania was accepted to receive a €3.15 million state aid for the expansion of its production capacity, according to data provided by the Ministry of Finance.

The company has another plant in Timişoara, established in 2007 with a workforce of 196 employees.

Sources

Citation

Eurofound (2019), Smart Wood Romania, Business expansion in Romania, factsheet number 98865, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98865.