Rockwool

Type
Business expansion
Country
Romania
Region
Sud; Prahova;
Location of affected unit(s)
Ploiesti, Aricestii-Rahtivani
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23 - Manufacture of other non-metallic mineral products
150 jobs
Number of planned job creations
Job creation
Announcement Date
24 November 2017
Employment effect (start)
24 November 2017
Foreseen end date
31 December 2018

Description

Danish multinational manufacturer of mineral wool products, Rockwool Group announced the opening of a new plant by 2019, which will create 150 new jobs near Ploiesti, Aricestii-Rahtivani (Prahova County), 60 km north of Romania’s capital, Bucharest. The construction of the new plant will start in 2018 and the company will invest €50 million.

In February 2017, the company announced it would expand production in the US, Sweden and Romania. The company entered the Romanian market 20 years ago through its local sales offices.

Globally, the company has 10,500 employees across 38 countries.

Sources

  • 24 November 2017: Company - press release
  • 24 November 2017: Wall Steet Romania
  • 24 November 2017: transilvaniabusiness.ro
  • 24 November 2017: digi24.ro

Citation

Eurofound (2017), Rockwool, Business expansion in Romania, factsheet number 92623, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92623.