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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.29 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
100 jobs Number of planned job creations
Announcement Date
17 September 2019
Employment effect (start)
24 September 2019
Foreseen end date
30 September 2022
Description
Wood sticks for food manufacturing company Smart Wood Romania announced plans to expand its business with the opening of a new plant in Onești, Bacau County. The company invested €8 million in the construction of the new plant and will create 100 jobs by 2022.
Smart Wood Romania was accepted to receive a €3.15 million state aid for the expansion of its production capacity, according to data provided by the Ministry of Finance.
The company has another plant in Timişoara, established in 2007 with a workforce of 196 employees.
Eurofound (2019), Smart Wood Romania, Business expansion in Romania, factsheet number 98865, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98865.
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