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 10.51 - Operation of dairies and cheese making
150 jobs Number of planned job creations
Announcement Date
26 April 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
In 2005, Tnuva Romania, a local branch of the major Israeli food producer, started a new investment of EUR 55 million to build a dairy plant and a farm close to Bucharest (Popesti-Leordeni, Ilfov county, Bucureşti region). The company expects EUR 68 million worth of sales within a few years after the start of the production. The investment will total EUR 55 million,
Some 35% of the investment project is financed by de European Bank for Reconstruction and Development. Tnuva has bought a 13-hectare building site in Popeşti-Leordeni for the construction of the first factory owned by the group outside Israel. In the first stage, the factory will have a production capacity of 30 million litres of milk per year, and intends to reach a maximum capacity of 60 million litres.
In April 2007 according to the vice-president of the company Tnuva Romania has 150 employees and this number will increase with 150 people by the end of 2007.
Sources
15 December 2005: Ziarul Financiar
23 June 2006: Ziarul Financiar
27 April 2007: Ziarul Financiar
Citation
Eurofound (2007), Tnuva Romania, Business expansion in Romania, factsheet number 62688, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62688.
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