RESHORING CASE

Palma

Company details
Company name: 
Palma Group, a.s.
Company country: 
Slovakia
Sector: 
C - Manufacturing
Sector detail: 
C10 - Manufacture of food products
Sub-sectors: 
C10.4.1 - Manufacture of oils and fats
Reshoring details
Reshoring announcement date: 
19/02/2018
Starting implementation date: 
January, 2018
End of Implementation : 
December, 2022
Reshored to: 
Slovakia
Reshored business function: 
Production
Partial or Total reshoring: 
Partial
Reshoring governance mode: 
In house (in own facilities)
Reasons for reshoring: 
Proximity to suppliers
Case narrative: 

Palma is a Slovak manufacturer of oils and fats for human consumption. In 2013, it offshored the production to Czech Republic due to the technological obsolescence of the plant in Bratislava that did not meet anymore the production requirements. The company has now announced the decision to move back to Slovakia the manufacturing of flavored oils (poppy, nut, apricot and linseed oils). The decision was taken to be closer to the company's suppliers of raw materials which are still located in Slovak Republic. The plant will be built outside the Bratislava region, and it will be completed in two/five years.

Sources: 

Finweb 19/02/2018

Sources link: 

https://finweb.hnonline.sk/ekonomika/1696650-palma-presuva-vyrobu-olejov... https://finweb.hnonline.sk/ekonomika/1696644-maslova-kriza-pomohla-vyrob...

Offshoring details
Offshoring date: 
2013
Offshoring location: 
Czech Republic
Offshored business function: 
Production
Offshoring governance mode: 
In house (in own facilities)
Host country geographical area: 
Eastern Europe
Notes: 
Link offshoring news :http://www.pluska.sk/spravy/ekonomika/palma-ukoncila-vyrobu-olejov-bude-z-nej-plniaren.html