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.
US agrofood group Cargill has announced that the group has created 4,050 jobs since the inauguration of the new site on 18 septembre 2008. Cargill has teamed up with Sofiproteol, a French financial institution which operates in the vegetable oil and protein sector, to construct a rapeseed crush plant in France's Loire-Atlantique region, its third in the country. Three quarters of the output of the new plant will be dedicated to the production of biofuels, which will then be sold to Total and incorporated into the diesel at the oil group's refinery in the town of Donges. The remaining 25 per cent will be use to manufacture cooking oil.
Located in Montoir-de-Bretagne, the new site represents an investment of 65 millions euros, of which Sofiproteol is responsible for 25 per cent, and will have a production capacity of 350,000 tonnes of rapeseed and 250,000 tonnes of oil. The factory will enable Cargill to boost its production of rapeseed and oil in France by 50 per cent.
Eurofound (2008), Cargill Montoir-de-Bretagne, Business expansion in France, factsheet number 67102, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67102.
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