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.
176 jobs Number of planned job creations
Announcement Date
10 August 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Welding Operations Services Slovakia is a Greenfield investment of French Air Liquide Welding Company. New production plant in a value of SKK 280 million has been established in 2004-5. Welding machines and battery chargers are produced there – currently around 10,000 pieces per month. In total 176 new jobs will be created in the subsidiary till the end of 2006. In 2007 a full capacity production is planned with annual sales revenue in amount of SKK 957 million. The Slovak Government will provide SKK 46.9 million state aid for the company.
Sources
10 August 2006: Hospodárske noviny
Citation
Eurofound (2006), Welding Operations Services Slovakia, Business expansion in Slovakia, factsheet number 63890, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63890.
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