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 Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.24 - Manufacture of wooden containers
100 jobs Number of planned job creations
Announcement Date
12 January 2021
Employment effect (start)
Foreseen end date
Description
Lithuanian wood processing company Juodeliai announced that its new production facility in Marijampole has started operating and that it will employ 100 new staff. The plan to build the new factory was announced in March 2019.
The new packaging elements factory in Marijamople is expected to double the company's production volume by processing up to 1 million m3 of round wood and manufacturing over 500,000 m3 of products. The investments in the new manufacturing site accounted for around €50 million.
Juodeliai is a wood processing company specialised in the production of high-quality wooden pallets. Currently, the company owns three modern factories which employ 536 people.
12 January 2021: Juodelai (company press release) (juodeliai.com)
18 March 2019: Juodelai (company press release) (juodeliai.com)
Citation
Eurofound (2021), Juodeliai, Business expansion in Lithuania, factsheet number 103023, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103023.
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