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.
European steel producer Arcelor and the Spanish company Bamesa announced yesterday their intention to invest EUR 30 million in building a steel service centre in Topoloveni (Arges county) for the automotive and domestic appliance industry by 2008. The service center will be 40% held by Arcelor and will be located close to the Dacia plant that makes the Logan model. "Renault is an Arcelor customer and our policy is to follow our customers in the automotive industry which need high quality steel products. The idea was to meake deliveries to Dacia through this plant, but we are not ruling out the posibility to work with more clients.The factory will be a supplier both for autmotive and domestic appliance industries" stated Jean Lasar, Arcelor spokesman. The steel service center could have an annual production capacity of 300,000 tonnes and will be up and running in the first half of 2007. The number of employees could reach 100, industries sources estimate. Arcelor has been presnt with a representative sales office on the Romanian market since 2004. The company's business in Romania amounts to EUR 15 million. In 2005, the European group Arcelor had 110,000 employees in 60 countries and a total turnover of EUR 32.6 billion.
Eurofound (2006), Arcelor, Business expansion in Romania, factsheet number 63788, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63788.
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