Business

ENEC+ launches the First European Mark that certifies the initial performance of LEDs and other luminaries
EEPCA, the European Electrical Products Certification Association, in cooperation with LightingEurope, announced the launch of ENEC+, the first pan-European mark capable of certifying the initial performance of traditional and LED luminaires. The new performance rating provides the market with certification as to the compliance of LED light fixtures and other luminaires, proving compliance with European safety standards and ensuring the reliability of their stated performance characteristics at the beginning of their life cycle.EEPCA and LightingEurope jointly started this exercise ... more
Emerson expands European manufacturing and engineering services capabilities to meet growing customer demand
76 million USD investment in new facilities at company’s campus in Cluj-Napoca, Romania, strengthens Emerson’s growing global manufacturing and engineering services networkEmerson Process Management, a business of Emerson, is expanding the company’s existing manufacturing and engineering services campus in Cluj-Napoca, Romania. The expansion includes a new, 18,800-square-meter flow measurement manufacturing building. This USD 60 million investment will help meet growing demand for the company’s flow measurement products and services in Europe and other regions. Additionally, in the summer of ... more
Schreiber Foods acquires Danone`s production facility in Sofia
American company Schreiber Foods will acquire Danone`s production facility in Sofia - "Danone Serdika", according to information from Danone. The sale of the plant is part of the French giant - Danone Group`s strategy for optimizing the production capacity, costs and improving the competitiveness, following the group’s weak results in Europe in the last months. Danone is also transferring its production capacities in Portugal and the Czech Republic to the American company.The deal includes transfer of all production facilities and ... more
Atlas Copco Internationaal B.V. has acquired Dost Kompresor ve Endustri Makinalari Imal Bakim ve Ticaret A.S., a distributor and service provider of compressors and related equipment in Turkey.Dost Kompresor, based in Istanbul, Turkey, has 16 employees and is active in industrial compressor sales and service. "This acquisition will expand our presence in the increasingly important Turkish market," said Stephan Kuhn, President of Atlas Copco’s Compressor Technique Business Area. "It supports our strategy to focus on service relations with our customers". ... more
DIV Group opens new factory in Knin to employ 400 people
The DIV Group opened a new screw factory in the town of Knin, about 100 km north of the coastal city of Split. The investment is valued at EUR 35 million and will create 400 jobs. DIV believes that this could mean a further 350 jobs for logistic and other external services for the company.An increased demand and growing number of orders from Europe for screws has led to DIV deciding to invest in expanding its capacities and to construct ... more
Grundfos opens new factory in Serbia
Together with 500 customers, business partners and employees, the Serbian President Tomislav Nikolic took part in the celebrations at the inauguration of the newly-built factory in Indjija north-west of Belgrade. Along with the factories in Russia and Hungary, the factory will be delivering pumps to the Central and Eastern European market, where there is a growing demand for Grundfos pumps.Since the spring of 2011, Grundfos has been producing circulator pumps in rented buildings. In addition to several types of circulator ... more
YASKAWA Europe announces new subsidiary in Turkey
YASKAWA, the world’s leading manufacturer of industrial robots, machine controls, medium-voltage inverters, and servo and inverter drive products, is opening a subsidiary in Turkey with headquarters in Istanbul. The new building was inaugurated with numerous guests from the political and business sectors.YASKAWA has been doing business on the Turkish market through sales partners and system integrators for many years now. Current market data shows that the company’s drive and robotics products are very popular among Turkish customers. Expanding the local ... more
KEMET established a new manufacturing plant in MacedoniaKEMET Corporation, a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, plastic film, paper and electrolytic capacitors, announced the grand opening of its new Film facility in Skopje, Republic of Macedonia. The facility will allow for a significant reduction in cost while increasing total production capability. "Today’s opening ceremony for this state-of-the-art manufacturing facility marks a major milestone in the restructuring of our Film and Electrolytic business," stated Per Loof, Chief Executive Officer ... more
Balkan business climate is going better
Businesses in Southeast Europe are finding it easier to operate as governments cut red tape, a new World Bank reports saysMany countries in the region been actively reforming their business environment, driven by the demands of the EU accession process and by a desire to attract foreign investment, says Valentina Saltane, co-author of the "Doing Business" 2013 report."Doing Business 2013 notes Serbia as one of the top 10 reformers globally, implementing reforms in starting a business, contract enforcement and resolving ... more
Chinese investmentments in Serbia
Chinese private sector investments into Serbia have failed to keep pace with the large-scale infrastructure deals signed between the two countries. However, the commercial relationship between the pair is on the verge of a sea change, with the Balkan country increasingly seen as a potential manufacturing hub. Despite excellent political relations, private sector links between China and Serbia have flagged in recent years as the crisis tightens its grip on the Serbian economy. However, the resultant high unemployment and low ... more
In a new report, the European Bank for Reconstruction and Development, EBRD, underlines that Southeastern Europe remains vulnerable to the on-going crisis in the eurozone, owing to its exposure to the Greek and other eurozone periphery economies.The report says the negative impact of the eurozone crisis on growth in the region through overall capital outflows may have lessened, but its effect on lending through cross-border bank deleveraging was continuing. "Financial sector vulnerabilities constitute the biggest risk, given that the vast ... more
EIB provides EUR 100 million to support smaller projects in Croatia
The European Investment Bank (EIB) is providing a loan of EUR 100 million to the Croatian Bank for Reconstruction and Development (HBOR - Hrvatska banka za obnovu i razvitak) to finance the projects of small and medium-sized enterprises (SMEs), mid-cap companies and municipalities in Croatia. The loan contract was signed in Dubrovnik following the meeting of the EIB’s Board of Directors, which took place in Croatia for the first time. The Republic of Croatia has obtained observer status in the ... more
Southeast Europe Management Forum 2012
The Management Forum of the Southeastern Europe in Belgrade, Serbia (19 - 20 September) has brought together a great number of home and foreign economic experts and businessmen. Addressing participants of the Management Forum of Southeastern Europe in the Serbian Chamber of Commerce, Serbian Prime Minister Ivica Dacic underlined that the economic recovery is a national priority and that it has to be based on new investments. Jelena Milenkovic has more.Prime Minister said that Serbia needs a plan to stabilize ... more
Martifer Solar opens new offices in Romania and installs its first photovoltaic plant in the market
Martifer Solar is opening a new office in Romania. Based in Bucharest, the new subsidiary will share the same building of all the other business units of Martifer group which is already present in the Romanian market since 2004. The company is now present in more than 20 countries over 4 continents (Europe, North and Latin America, Africa and Asia).At this regard, Pedro Pereira, Martifer Solar’s Regional Manager for the Mediterranean and Managing Director for Romania, commented that "with about ... more
Atlas Copco to acquire compressor manufacturer in Turkey
Atlas Copco has agreed to acquire the Ekomak Group, a Turkish manufacturer of industrial screw compressors, strengthening its market position in the region. Ekomak has a strong domestic position in industries such as metal works, textile and manufacturing.Ekomak was established in 1992 and has around 160 employees. It is privately owned and had revenues in the last 12 months of approximately MEUR 23 (MSEK 200). The company develops, produces and sells stationary, oil-injected screw compressors, including variable frequency drive options.Headquartered ... more

LATEST issue 4/2022

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COMPANY ARTICLES
Comet Electronics – Contract Manufacturing Services

Comet Electronics – Contract Manufacturing Services

Comet Electronics offers development service from the idea to the complete product, according to customer’s needs. The company’s design department works in close cooperation with its manufacturing units and the ... more
Endrich Bauelemente Vertriebs GmbH success on the International Plovdiv Technical Fair

Endrich Bauelemente Vertriebs GmbH success on the International Plovdiv Technical Fair

Zoltan Kiss, Export manager and Head of R&D in Endrich, gives more details about the highlights in the company’s participation at this year’s edition of the International technical fair in ... more
e-IoT success strories in 2022

e-IoT success strories in 2022

The 2020 debut of the E-IoT concept at the EmbeddedWord 2020 exhibition in Nuremberg has already predicted that the engineering community in the field of IoT will welcome the introduction of a complete test infrastructure to support their ... more

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