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 Other Non-Metallic Mineral Products 23.42 - Manufacture of ceramic sanitary fixtures
100 jobs Number of planned job creations
Announcement Date
20 July 2011
Employment effect (start)
1 May 2011
Foreseen end date
31 July 2011
Description
Ideal Standard - Vidima AD announced it recruited 100 new employees between May and July 2011.
The company stated the expansion is due to its aims to achieve 18% increase in production volume and 10% increase in productivity and to do so during the year it will introduce new technological equipments.
Ideal Standard - Vidima AD produces sanitary reinforcement equipment for bath and kitchen applications.
The two subdivisions of Sevlievo Ideal Standard International - Ideal Standard Bulgaria JSC and Ideal Standard - Vidima AD are united under the name" Ideal Standard - Vidima "AD since February 1, 2011. Ideal Standard - Vidima AD operates as a subsidiary of Ideal Standard International BVBA.
Eurofound (2011), Ideal Standard - Vidima AD, Business expansion in Bulgaria, factsheet number 72352, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72352.
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