Rettenmeier Polomka Timber

Type
Business expansion
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Polomka
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
100 jobs
Number of planned job creations
Job creation
Announcement Date
8 February 2006
Employment effect (start)
Foreseen end date
31 December 2006

Description

Rettenmeier company established its first subsidiary, Rettenmeier Tatra Timber, in Slovakia in 1999. The German company announced in February 2006 it is to extend the production in its subsidiary Rettenmeier Polomka Timber, operating in Slovakia since 2004. Around SKK 500 million will be invested in the development of Polomka plant between 2006 and 2009. Installation of a new sawmill in 2006 will contribute to annual production of 180,000 cubic meters of timber. Some 100 jobs will be created in the process.

Sources

  • 8 February 2006: Hospodárske noviny

Citation

Eurofound (2006), Rettenmeier Polomka Timber, Business expansion in Slovakia, factsheet number 62963, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62963.