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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job creations
Announcement Date
27 February 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
Machine building company Palfinger Bulgaria will invest €6.8 million in the construction of a new production facility in the town of Cherven Bryag. The new plant will specialize in the manufacturing of components for cranes and containers, which will be exported to France. The facility is scheduled for completion by the end of 2006. Palfinger Bulgaria posted €20 million sales in 2005, which is regarded as the most successful period in the development of the company. Austrian company Palfinger has invested over €30 million in the expansion of its operations in Bulgaria so far. Palfinger entered the Bulgarian market in 1999 through the acquisition of a production facility of former arm manufacturing company Bets of Cherven Bryag. Palfinger has two factories operating at the moment in Bulgaria, where some 800 people are working.
Eurofound (2006), Palfinger Bulgaria, Business expansion in Bulgaria, factsheet number 63050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63050.
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