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 Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
400 jobs Number of planned job creations
Announcement Date
23 February 2007
Employment effect (start)
1 April 2008
Foreseen end date
Description
Vestas, one of the leading companies in eolic energy in the world, is expanding its business in Daimiel, Ciudad Real. As announced on 23 February 2007, the company will invest 47 million euros in building a new plant to manufacture metal fans for windmills. The plant is expected to be finished by April 2008 and create 400 jobs. Vestas has confidence in Spain remaining an important, stable and growing market for alternative energies. Moreover, this expansion is part of Vestas commercial strategy to support eolic energy in the whole of the Mediterranean region.
Sources
23 February 2007: Cinco Días
Citation
Eurofound (2007), Vestas, Business expansion in Spain, factsheet number 64971, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64971.
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