Oiliintex and Handjou New Silk Road

Type
Business expansion
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Severozapaden; Pleven
Location of affected unit(s)
Pleven
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22 - Manufacture of rubber and plastic products
22 - Manufacture of rubber and plastic products
100 jobs
Number of planned job creations
Job creation
Announcement Date
22 November 2006
Employment effect (start)
2 April 2007
Foreseen end date

Description

Handjou New Silk Road, the Chinese company, together with Bulgarian Poliintex are going to invest EUR 8 million in a factory for plastic bottles near the town of Pleven. The project was announced after signing a contract during the Chinese - Bulgarian business meeting in Shanghai, which took place during the visit of the Bulgarian PM Sergei Stanishev in China. The new factory is to process 20,000 tonnes of raw materials per year and will create more than 100 new jobs. The production is planned to be exported to the EU countries, Russia and Turkey.

Sources

Citation

Eurofound (2006), Oiliintex and Handjou New Silk Road, Business expansion in Bulgaria, factsheet number 64538, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64538.