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 23.20 - Manufacture of refractory products
1,000 jobs Number of planned job creations
Announcement Date
15 September 2016
Employment effect (start)
15 September 2016
Foreseen end date
31 March 2017
Description
GreenFiber International, part of Green group, the largest integrated recycling park in south-eastern Europe, is to open its third production facility in Urziceni in the first quarter of 2017 where 1,000 new jobs will be created. The company has invested EUR 35 million in the new plant, which will produce synthetic fibres made out of 100 percent recycled PET in Romania.
The new plant will have continuous activity throughout the year, organized in two shifts, creating new jobs for residents in Urziceni and those from neighbouring cities. The company also plans to make a new investment to double the production capacity of the plant by 2018.
Since it was established in 2006, the company invested more than 25 million euro in three production lines, of which two are based respectively in Iasi and Buzau.
Sources
15 September 2016: Profit.ro
15 September 2016: green-report.ro
15 September 2016: businessmagazin.ro
16 September 2016: dailybusiness.ro
Citation
Eurofound (2016), GreenFiber International, Business expansion in Romania, factsheet number 88623, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88623.
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