Restructuring events
European Restructuring Monitor (ERM)
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.
In early 2007, the Spanish manufacturer of parts and accessories for motor vehicles engines Manufactura Moderna de Metales/Barcelona (MMM) has set up a greenfield plant in Turda, county Cluj, investing EUR 5.5 million. M.M.M will be starting its activity in Romania with 20 employees, manufacturing metal tubes for car engines. According to company representatives, M.M.M Autoparts will employ 240 personsby the end of July 2008. The turnover of the company for 2007 was estimated at EUR 36 million, an increase of 20% compared to 2006. If the company will finalise all the investments projected in 2007, the turnover for 2008 is estimated at EUR 8 million.
Eurofound (2007), Manufactura Moderna de Metales Autoparts, Business expansion in Romania, factsheet number 65094, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65094.