Restructuring events
European Restructuring Monitor (ERM)
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.
Ditton Chain, manufacturer of driving chains, opened a reconstructed facility in Daugavpils. Ditton Chain plans to create 120 new jobs by gradually increasing manufacturing output. The timeline for the increase is not yet known.
Ditton Chain is a newly established company deriving from Ditton Driving Chain Factory. The new factory will be used to manufacture high-quality driving chains, which will be exported to the European Union and US.
The reconstruction of the manufacturing facilities included the installation of turning and processing centres, metal processing equipment, high-precision presses, and thermal processing equipment for forging and nitro-cementing.
Eurofound (2011), Ditton Chain, Business expansion in Latvia, factsheet number 72748, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72748.