EMCC European Monitoring Centre on Change

Cerâmica Valadares

Company/Organisation:
Cerâmica Valadares

Geographic Location

Country: Portugal
Region: Grande Porto; Norte; Continente
Location of affected unit(s): Vila Nova de Gaia

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
Number Employed: 45

Employment Effects

Announcement Date: 09-03-2015
Type of Restructuring: Business expansion
Employment Effect Start: 10-03-2015
Foreseen End Date: 31-12-2015
Planned Job Creation: 130

Additional Information

Valadares Ceramics will reopen after three years of closure. The company was saved from liquidation by former employees and new investors, such as banking, Social Security and financial investments in the municipality. New investors intend to inject EUR 1.2 million over the next five years. At this time, the company has 45 employees and will hire a total of 130 persons by the end of the year. The Valadares Ceramics will be in the name of former workers.