Valrom Romania

Type
Business expansion
Country
Romania
Region
Macroregiunea Trei; Sud-Muntenia; Argeş
Location of affected unit(s)
Topoloveni
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
400 jobs
Number of planned job creations
Job creation
Announcement Date
19 October 2007
Employment effect (start)
Foreseen end date
31 December 2012

Description

Valrom, a manufacturer of thermo-plastic fittings and pipes and a subsidiary of the Romstal Group, has announced that it is to create up to 400 new jobs in Topoloveni with the development of a new site. The President of Romstal has stated that 60-70 employees will be hired at the new site by 2009, and that the group expects 300-400 to be employed at the new site by 2012. The new plant will involve an investment of 30 million EUR. In 2006, Romstal recorded a turnover of 310 million EUR.

Sources

  • 22 October 2007: Ziarul Financiar (www.zf.ro)

Citation

Eurofound (2007), Valrom Romania, Business expansion in Romania, factsheet number 65964, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65964.