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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.2 - Manufacture of refined petroleum products
200 jobs Number of planned job creations
Announcement Date
25 July 2007
Employment effect (start)
1 January 2009
Foreseen end date
Description
Norwegian bio-ethanol firm Global Green One is to build EUR 101 million bio-ethanol factory in Békéscsaba, Southern Hungary. GG-One utilizes prime crop and residuals from agricultural and forest production and turns it into economic bio fuels. Construction of the facility is to begin in April 2008, after obtaining the necessary permits and operation is expected to start in January 2009. The factory would give employment to 200 people altogether, including 100 in logistics. GG-One plans to open other bio-ethanol facilities in other parts of the country in the future: Kalocsa, Central Hungary, and Szombathely and Kõszeg in Western Hungary.
Sources
25 July 2007: Budapest Business Journal
Citation
Eurofound (2007), Global Green One (GG-One), Business expansion in Hungary, factsheet number 65676, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65676.
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