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.
Kalmar in south-east Sweden has been chosen by Chinas Fanerdun Group to host a new centre for Chinese wholesale companies to introduce their products onto the European market.The venture involves construction of a demonstration facility for 1000 Chinese businesses to present products to European companies. The centre, which will be Fanerduns European headquarters, will lead to the creation of an estimated 800 new jobs in Kalmar. Included in the complex will be a hotel, restaurant and a spa offering Chinese medicine. Explaining the choice of Kalmar, Jin Xing Luo, Fanerdun Group owner, said: The conditions in Kalmar are excellent, especially on the investment side. Companies exhibiting at the center will range from textile manufacturers to technology suppliers, Fanerdun said. Johan Persson, chairman of the Kalmar municipal board, called the investment gigantic and said the centre, expected to be complete in one years time, would attract one million visitors a year. He said: This venture will create a great many jobs and put a much stronger focus on Kalmar. If all goes as planned we will substantially expand air travel capacity in the city.
Eurofound (2006), Fanerdun Group, Business expansion in Sweden, factsheet number 63920, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63920.
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