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.
German Prymetall Company will invest in north Slovakia. A Greenfield investment of around 1.5-2 million EUR will be located in the industrial park of Dolný Kubín. Different sots of copper straps for electric installation will be processed in the newly established cutting centre. Utilux Company, which also operates in Dolný Kubín, will be the main customer of the production. Around 200 new jobs will be created. Start and timeline of the production is not announced yet.
According to present information, the production in the company has started on 12 November 2007. The company management plans to increase the total number of new jobs up to 800 until the end of 2009.
Eurofound (2007), Prymetall, Business expansion in Slovakia, factsheet number 65268, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65268.