EMCC European Monitoring Centre on Change

Harmanec-Kuvert

Company/Organisation:
Harmanec-Kuvert

Geographic Location

Country: Slovakia
Region: Banskobystricky kraj; Stredne Slovensko
Location of affected unit(s): Brezno

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17.23 - Manufacture of paper stationery
Number Employed: 170
Group: Eco-Investment

Employment Effects

Announcement Date: 17-07-2020
Type of Restructuring: Business expansion
Employment Effect Start: 01-08-2020
Foreseen End Date: 31-12-2020
Planned Job Creation: 100

Additional Information

The paper stationery producer Harmanec-Kuvert announced business expansion and creation of 100 new jobs in 2020. Due to rising demand, company plans to raise its annual production of paper bags by 75 million in Brezno in Slovakia. In 2020, it envisages to make over 234 million paper shopping and postal bags and will install new bag production machinery. Thanks to this 100 new jobs will be added to the existing 170. According to the president of the holding company Eco-investment, to which the plant belongs, the firm plans to make an investment of around €3 million.

During the COVID-19 pandemic, the demand for envelopes has fallen, but the firm compensated this shortage with higher demand for paper shopping bags or takeaway paper bags for the catering industry. Besides Slovakia, it exports the products to the Netherlands, the UK, Hungary, Czechia and Belgium.

 

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