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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
300 jobs Number of planned job creations
Announcement Date
8 April 2008
Employment effect (start)
1 June 2008
Foreseen end date
1 June 2009
Description
Hankook, a Korean multinational tyre manufacturer, plans to create 300 new jobs by doubling capacity of its plant in Dunaújváros (approximately 70 kilometres from the Hungarian capital city of Budapest). Daily capacity is expected to increase from 15,000 to 31,000 tyres by 2010. To achieve this objective, the area of the plant in Dunaújváros will be expanded by 40%. Construction work will start in June 2008 and end in 2009. Hankook has already applied for the necessary environmental licenses for the expansion. The Hungarian site was established in 2007, with manufacturing operations having begun at the end of June 2007 with a workforce of 750 staff.
Sources
8 April 2008: Budapest Business Journal
Citation
Eurofound (2008), Hankook Tire, Business expansion in Hungary, factsheet number 66713, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66713.
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