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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
300 jobs Number of planned job creations
Announcement Date
16 May 2005
Employment effect (start)
Foreseen end date
Description
Kapitan Djado Nikola company, which is traditionally producing plastic pipes and fittings has started production of plastic wrapper and thin-sided matrixes. The investment in the new department for thin-sided matrixes is €2 million. According to Kemrjan Jozgour, the executive director of the company, matrix production is very difficult and many West-European firms have given up producing it. The ambition of the Gabrovo firm is to fill this niche. At the end of June 2005, the owners of the firm intend to start building a new department, where some 300 new workers will be hired.
Eurofound (2005), Kapitan Djado Nikola, Business expansion in Bulgaria, factsheet number 61603, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61603.
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