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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.53 - Manufacture of essential oils
116 jobs Number of planned job creations
Announcement Date
5 December 2008
Employment effect (start)
Foreseen end date
1 May 2008
Description
Preol, a member of the Agrofert group, is to create 116 new jobs by May 2009 with the development of a new biodiesel production plant in Lovosice. Approximately CZK 1.7 billion will be invested in the construction of the plant and in the technologies. The new plant will produce rape-seed oil to be used as a biofuel.
The reason to place the plant in Lovosice is its convenient location (crossing station, near to the highway and the main customers, e.g. Česká rafinérská, Kralupy, Litvínov) and the support of the employment in the region.
In relation to the construction of the new plant, Mr. Martin Kubů, director of the commercial division for the area of chemistry of Agrofert stated “it could be said that the factory will grow up on a greenfield site, but in this case we will build up so called brownfields and shall revitalize the idle land on which chemical plants were standing”.
Sources
5 December 2008: Hospodárske noviny
Citation
Eurofound (2008), Preol, Business expansion in Czechia, factsheet number 67563, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67563.
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