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 Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
200 jobs Number of planned job creations
Announcement Date
6 June 2005
Employment effect (start)
Foreseen end date
31 August 2006
Description
German processed meat producer Reinert, whose sales reached €300 million in 2004, has decided to enter the Romanian market by investing €15 million in a production facility near Braşov.
‘We have recently bought an 8.5 hectares plot of land in Feldioara village, 12 kilometres north of Braşov. Construction work on a new factory is to begin at the end of the summer 2005. The initial investment will reach around €15 million and we will create 200 jobs. As for the second construction phase, we plan to double production capacity in 2007', stated the manager of the future factory. The factory will have a production capacity of 20 tons per day and is scheduled for completion by summer 2006.
will have a production capacity of 20 tones per day and is scheduled for completion next summer.
Sources
6 June 2005: Ziarul Financiar
Citation
Eurofound (2005), Reinert, Business expansion in Romania, factsheet number 61771, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61771.
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