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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
500 jobs Number of planned job creations
Announcement Date
15 November 2008
Employment effect (start)
1 January 2009
Foreseen end date
30 June 2009
Description
HOYO-SHK Modern Agricultural Equipment, the European representative for Shoutuo Agricultural Machinery Equipment from China, announced an investment of 20 million dollars USA. The new plant for assembling small tractors will be opened at Brasov (Brasov county, Centre region), at the beginning of 2009. In the first phase, the number of persons employed will be 150 and will increase to 500 in the next 6 months.
Sources
18 November 2008: Ziarul Financiar
Citation
Eurofound (2008), HOYO-SHK Modern Agricultural Equipment, Business expansion in Romania, factsheet number 67500, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67500.
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