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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
220 jobs Number of planned job creations
Announcement Date
21 June 2005
Employment effect (start)
Foreseen end date
Description
Shin-Etsu Polymer is a Japanese multinational with activities in the manufacturing and sales of materials made from silicone rubber, PVC and supplementary materials for the electronics, packaging and building & construction markets. Shin-Etsu Polymer Hungary started the production of silicone base keypad devices in Hungary in March 2004 for the European customers. The company has bought a new plant in Industrial Park of Győr. The investment will create 60-70 jobs in 2005. In the long run the company undertook to employ 220 people.
Sources
21 June 2005: Világgazdaság
Citation
Eurofound (2005), Shin-Etsu Polymer Hungary, Business expansion in Hungary, factsheet number 61784, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61784.
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