Restructuring events
European Restructuring Monitor (ERM)
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.
Merona, a holding based in Switzerland, will complete a €40 million investment in a furniture factory to be developed in Braila (Sud-Est region), Romania in 2005. The current investment was implemented through PAL Braila, in which Merona owns the majority of shares.
The factory will start with a capacity of 600 furniture suites per day in 2005 and will initially hire around 200 people. The capacity will later increase to around 1,000 suites a day.
The PAL Braila furniture factory will produce all kinds of modular-type of furniture, from kitchens to office and shop furniture. The facility will include a factory for applying melamine to particle boards, a thermoelectric plant and will also be complemented with a loudspeaker department, to become operational in the second half of 2005. The entire investment might go up to €100 million, with the bulk of the output intended to be exported in the European Union.
Eurofound (2005), PAL Braila, Business expansion in Romania, factsheet number 61447, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61447.