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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
550 jobs Number of planned job creations
Announcement Date
12 September 2006
Employment effect (start)
31 March 2007
Foreseen end date
Description
Samsung SDI Hungary, a part of Samsung Electronics which focuses on the production and wholesale of electronic equipment and apparatus for radio, television, communication and household appliances, has started building a new plant in Göd, central Hungary, the completion of which is expected by March 2007. Samsung started its operation in Hungary in 1990 and since then it has established four sites across the country: Samsung Electronics in Jászfényszaru which manufactures TVs; a plant in Szigetszentmiklós, Samsung Elektromechanikai, which produces TV parts; and a trading company in Budapest, Samsung Electronics, and Samsung SDI, in Göd. The new site in Göd will produce modules, the biggest and the most expensive part of plasma TVs, in a 20,000 square metre plant. The expansion will create 550 jobs, Tamás Szirmay, Head of Samsung SDI, said. The new plant will also bring more suppliers to Samsung's Hungarian base.
Sources
12 September 2006: www.InvestorsPage.hu
Citation
Eurofound (2006), Samsung SDI, Business expansion in Hungary, factsheet number 64665, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64665.
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