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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
100 jobs Number of planned job creations
Announcement Date
27 September 2005
Employment effect (start)
9 January 2007
Foreseen end date
Description
Bulgarian company ORT, which is one of the leaders in the furniture manufacturing sector, will build a new factory worth €3 million. This plant shall ensure a four times higher productivity, said the executive director Mladen Tzonev. The 14,000 square metres new factory will be fully computerised and include a 3,000 square metres show-room. Construction will start in spring 2006 and production start is planned for the beginning of 2007. Currently, ORT has more than 40,000 different products in its portfolio. Its most famous product is the 'SeatTable' stack chair, designed by Ilian Milinov, which has won awards for best product on international furniture fairs in Italy, Germany (Cologne fair) and in the US.
Eurofound (2005), ORT-Bulgaria, Business expansion in Bulgaria, factsheet number 62329, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62329.
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