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 Other Transport Equipment 30 - Manufacture of other transport equipment
175 jobs Number of planned job creations
Announcement Date
3 October 2005
Employment effect (start)
Foreseen end date
30 November 2005
Description
The company DH Sport has announced it will open another factory in November 2005 (the second production unit in Romania) close to Deva (Vest region, Hunedoara county), set to manufacture 500,000 bicycles per year. The investment in the new production unit is in excess of €5 million, compared to the mere €1 million invested in the first factory. ‘Once the project in Deva is finalized, production capacity will increase by around 150%. The number of employees is also expected to double, to about 350 people’, declared the executive manager of DH Sport.
The company began manufacturing in 1999 and currently produces around 40 types of bicycles, 10 types of baby carriages and 5 models of sports roller skates. About 25% of the company output goes for export. Whereas in 2004 the turnover doubled, totalling €4.4 million, for 2005 the company forecasts an increase of only 50%, as a result of unfavourable weather conditions in Romania in 2005.
Sources
3 October 2005: Ziarul Financiar
Citation
Eurofound (2005), DH Sport, Business expansion in Romania, factsheet number 62405, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62405.
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