Toly Products

Type
Business expansion
Country
Malta
Region
Malta; Malta; Malta
Location of affected unit(s)
Zejtun
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.2 - Manufacture of plastic products
22.22 - Manufacture of plastic packing goods
35 jobs
Number of planned job creations
Job creation
Announcement Date
2 June 2009
Employment effect (start)
2 June 2009
Foreseen end date

Description

Toly Products Limited, a supplier of plastic packaging components for the cosmetics industry, plans to increase its workforce in Malta by 35. Currently it employs 350 employees and is investing €13 million on a new factory in Malta which will cover 5,500 sq.metres and will have several floors.

The CEO, Andy Gatesy said that the company also plans to invest €3.5 million on automation but will still increase its workforce by 10 percent as new products are added. The company laid off 84 wokers in October 2008 but has since received government assistance through Malta Enterprise in order save further job cuts and help with the new investment.

Sources

Citation

Eurofound (2009), Toly Products, Business expansion in Malta, factsheet number 69193, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69193.