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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
150 jobs Number of planned job creations
Announcement Date
29 July 2007
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009
Description
On 29th July 2007, Progroup AG announced that it is to invest 630 million EUR into a new plant in Eisenhüttenstadt that will create employment for 150. The plant will produce corrugated card-board. The plant will begin to be constructed at the beginning of 2008. Production at the site is scheduled to commence in 2009, at the latest. Progroup AG aims to build the biggest card-board production site in Germany, and it is planned that the site will produce approximately 650,000 tonnes of base paper a year.
Sources
30 July 2007: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2007), Progroup AG, Business expansion in Germany, factsheet number 65648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65648.
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