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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
300 jobs Number of planned job creations
Announcement Date
24 March 2011
Employment effect (start)
Foreseen end date
30 November 2011
Description
Hungarian-Chinese joint venture Orient Solar is to build a solar cell and panel assembly plant in Berettyóújfalu (Hungary) which will employ 300 workers. The new hires will install integrated circuitry and plastic and metal components on partially finished solar cells and panels manufactured in China. Production is expected to start by November 2011.
Orient Solar intends to sell the solar cells and panels in Hungary, Romania, Bulgaria, Serbia and Croatia. Company co-CEO Ferenc Galló said that Orient Solar would hire 700 additional workers by 2013 if there is sufficient demand on the market for the company's products.
Sources
24 March 2011: Menedzsment Fórum
25 March 2011: Index
24 March 2011: Budapest Business Journal
Citation
Eurofound (2011), Orient Solar, Business expansion in Hungary, factsheet number 71796, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71796.
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