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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
250 jobs Number of planned job creations
Announcement Date
4 October 2005
Employment effect (start)
31 December 2005
Foreseen end date
Description
South Korean Dongil Rubber Belt will invest around SKK 390 million in order to establish its new subsidiary in Slovakia. The company follows seven other South Korean companies, which came to the country to operate as subcontractors for Kia Motors Company in Žilina region. New production plant will be allocated nearby the region in the production premises where the former engineering company Považské Strojárne has operated.
Sources
4 October 2005: Pravda
Citation
Eurofound (2005), Dongil Rubber Belt, Business expansion in Slovakia, factsheet number 62377, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62377.
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