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.
Alfod es Eszak; Eszak-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Tiszaújváros
Sector
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
200 jobs Number of planned job creations
Announcement Date
28 August 2017
Employment effect (start)
28 August 2017
Foreseen end date
Description
JSR Mol Synthetic Rubber, a company co-owned by Japanese JSR (51 %) and Hungarian oil and gas company MOL (49 %), is building a synthetic rubber production plant in Tiszaújváros, Northeastern Hungary.
Construction is on-going, when completed, the factory is projected to produce 60 000 tons of material annually. The facility will create 200 jobs, hiring has been already started.
Synthetic rubber production is part of MOL's new strategy, aiming greater utilization of the synergies within the group. At the Tiszaújváros plant technologies and know-how come from the Japanese partner, while MOL provides butadiene, the raw material required for synthetic rubber – produced at the nearby MOL Petrolkémia factory.
Sources
28 August 2017: vg.hu
Citation
Eurofound (2017), JSR MOL Synthetic Rubber, Business expansion in Hungary, factsheet number 91871, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91871.
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