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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38.32 - Recovery of sorted materials
104 jobs Number of planned job creations
Announcement Date
6 February 2007
Employment effect (start)
1 June 2007
Foreseen end date
1 January 2009
Description
Terra Innova, the French company specialised in waste recycling, announced on 6 February 2007 that it is aiming to open a plant in Prauthoy, in Haute Marne. The plant will recycle stone pieces to be used in breeze-block production in France and the rest of Europe. While the company has not disclosed the value of the investment planned for the project, it has stated that 104 jobs will be created by 2009, which will be followed by 46 more by 2012. Production is scheduled to begin in mid-2007, with a workforce of 40 employees. Prauthoy was chosen due to its location near a stone quarry and a railway network.
Sources
7 February 2007: Les Echos
Citation
Eurofound (2007), Terra Innova, Business expansion in France, factsheet number 64925, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64925.
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