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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29 - Manufacture of motor vehicles, trailers and semi-trailers
200 jobs Number of planned job creations
Announcement Date
15 April 2004
Employment effect (start)
Foreseen end date
31 December 2004
Description
Glacier Garlock Bearings, which is a member of the US EnPro Industries corporation, decided for a 12 million euro Greenfield investment in the Sučany industrial zone nearby the Martin industrial park. The company plans to start production in the new plant by the end of 2004. About 200 jobs will be created in a first stage. Glacier Garlock Bearings relocates the production from its units in France, Scotland and Dolný Kubín in Slovakia. According to John Russell, the empowered manager for the new investment, the new plant in Sučany will play a key role in the company's Central and East European business strategy.
Sources
15 April 2004: SME
Citation
Eurofound (2004), Glacier Slovakia, Business expansion in Slovakia, factsheet number 60355, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60355.
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