EMCC European Monitoring Centre on Change

Prolyte Products

Company/Organisation:
Prolyte Products

Geographic Location

Country: Romania
Region: Olt; Sud-Vest
Location of affected unit(s): Piatra-Olt

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.11 - Manufacture of metal structures and parts of structures
Group: Prolyte

Employment Effects

Announcement Date: 10-03-2016
Type of Restructuring: Business expansion
Employment Effect Start: 09-03-2016
Foreseen End Date: 31-12-2016
Planned Job Creation: 500

Additional Information

Prolyte Products Romania, which is part of the Dutch Prolyte Group, has opened a new factory in Piatra-Olt for the production of aluminium special structures for the entertainment or industrial use. The opening of the factory will generate about 500 new jobs.

The construction of the site started last year with a total investment of over 18 million lei (approximately 4 million euro) and it was subsidised by the European Union with the support of Eximbank.