Haas Invest

Type
Business expansion
Country
Romania
Region
Macroregiunea Unu; Centru; Mureş
Location of affected unit(s)
Sanpaul (county Mures, Centre Region)
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
300 jobs
Number of planned job creations
Job creation
Announcement Date
4 May 2006
Employment effect (start)
1 March 2007
Foreseen end date

Description

The German company Haas Invest announced the intention to start building in July, this summer, a new wood and wooden products and PVC profiles manufacturing plant, in the locality Sanpaul, county Mures. The investment is estimated at EUR 25 million. The company purchased so far 34 ha of land from the people living in the area. The investment will be finalised at the end of 2006 and in spring next year will start to produce. The project will generate 300 new jobs.

Hass Invest was set up on June 2005, as part of the German group Haas, manufacturer of materials and intermediate products for constructions and industrial buildings.

Sources

Citation

Eurofound (2006), Haas Invest, Business expansion in Romania, factsheet number 63442, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63442.