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.
The Porta company (Arad, Vest region) has just begun production after investment of more than €8 million. The company is part of the Polish group Porta, one of the largest manufacturers of doors in Europe. The Romanian factory takes up to 11,000 square meters in the industrial area of Arad, but already owns the land to expand up to 33,000 square meters.
For its first year of activity, Porta targets a minimum 35% market share in Romania (a turnover of €5 million) but a part of the output will go to Bulgaria, Serbia and Montenegro, Slovakia, Hungary, Ukraine and Russia.
The facility has a production capacity of 100,000 doors per month. It currently employs around 100 people, but given its plans of expansion and an additional investment of more than €24 million, employees’ number will rise up to 300, starting from 2006.
The management stated that Porta has begun to export part of its production and is already the largest manufacturer of its kind in Romania.
Eurofound (2005), Porta, Business expansion in Romania, factsheet number 61446, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61446.
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