EMCC European Monitoring Centre on Change

Parisot

Company/Organisation:
Parisot

Geographic Location

Country: Romania
Region: Mures; Centru
Location of affected unit(s): Târnăveni (Centru region, Mureş county)

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
31 - Manufacture of furniture
Number Employed: 1500
Group: Parisot

Employment Effects

Announcement Date: 16-09-2005
Type of Restructuring: Business expansion
Employment Effect Start: 16-09-2005
Foreseen End Date: 31-12-2006
Planned Job Creation: 1500

Additional Information

The French group Parisot has built a furniture factory in Târnăveni (Centru region, Mureş county) which is set to start manufacturing in October 2005. According to the mayor of Târnăveni, this is the first production module of two planned for this location. The production of the two new manufacturing plants is intended for sale on markets in France, Romania and other European countries. By the end of 2005, the factory will have 400 employees, a number which is expected to grow up to 1,500 workers by the end of 2006. According to the City Hall, the plant will be exempt from land tax until 2008. In the beginning of August 2005, the European Bank for Reconstruction and Development, EBRD, announced it would grant the Parisot group a loan of €18 million to finance a €40 million project. The project includes the construction of the two production units in Târnăveni, over a three-year period, and the modernisation of the Mobilux factory, which the French group already holds in Bucharest (Bucharest region).