RESHORING CASE

Vivechrom

Company details
Code: 
Vivechrom
Company name: 
Vivechrom
Group name: 
Akzo Nobel
Company country: 
Greece
Group home country: 
Netherlands
Sector: 
C - Manufacturing
Sector detail: 
C20 - Manufacture of chemicals and chemical products
Sub-sectors: 
C20.3.0 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
Reshoring details
Reshoring announcement date: 
23/03/2017
Starting implementation date: 
April, 2017
End of Implementation : 
December, 2017
Reshored to: 
Greece
Reshored business function: 
Production
Reshoring governance mode: 
In house (in own facilities)
Case narrative: 

Vivachrom, which is part of Akzo Nobel group (Netherlands), is Greece's largest producer of paints. The company has decided to transfer its polish production from Marshal (Turkey) back to its Greek facility, significantly investing in the country. The relocation, announced by Vivachrom's CEO Makis Provatas, will be completed by the end of 2017. It will boost employment by 15% at the Greek warehouse.

Sources: 

ERT, 23/03/2017

Sources link: 

http://int.ert.gr/vivechrom-strengthens-production-line-in-greece/

Offshoring details
Offshoring location: 
Turkey
Offshored business function: 
Production
Host country geographical area: 
Other Asian countries