Business

Japanese automotive components maker Yazaki announced its intentions to open a third factory in Bulgaria. The plant will be the result of an investment worth 30 million euro. The new production base is scheduled to be operational in two years.Yazaki already operates two plants in the country - in Yambol and Sliven, in the southeast of the country - with a staff of over 5,000. In Southeastern Europe, Yazaki also operates plants in Romania and Croatia. ... more

The Greek manufacturer of aluminum products Alumil announced plans to open a new factory for aluminum extrusion in the town of Cacak, western Serbia.The company’s director in Serbia, Rita Lozinsky, cited by local media, stated that Alumil was deploying the investment in three phases with the first two stages already completed. The company already operates one factory in the country in the town of town of Nova Pazova.Alumil established itself on the Serbian market 20 years ago and opened ... more

Lear Corporation, a leading global supplier of automotive seating and electrical distribution systems, announced its plans to open a new plant to produce automotive seat covers in the town of Gostivar, Macedonia, local media reported. Lear’s new facility will initially employ approximately 300 people. Its production will serve some of the biggest European companies in the automotive industry.”With Lear’s continued success in vertically integrated automotive seating systems and components, we are pleased to begin operations at an interim site ... more

Inteva Products announced that it is expanding its global presence with the opening of two new manufacturing plants in Oradea, Romania and Wuhan, China. The company is also relocating its Wuppertal Technical Center to a new larger facility in Solingen, Germany.The facility in Oradea will be Inteva’s second manufacturing facility in Romania. The site will manufacture roof system components for the company’s European customers base. The company plans to hire more than 100 employees. Production begins this summer.”Inteva provides ... more

The Bulgarian supplier in the field of electronic components M.P.El signed a distribution agreement with the Chinese company Shenzhen WTL Electronic Technology Co. Ltd, manufacturer and exporter of quartz crystals, filters, resonators, oscillators, TCXO, VCXO, SAW devices, etc. ”Our products find application in different fields such as: computers and accessories, communications, wireless devices, transportation, industrial equipment, meters, airlines, etc”, the Chinese company stated.”Тhe quality of our product range is the result of knowledge and experience built up over several ... more

M.P.El became an authorized distributor of WTL Inteva Products opens new manufacturing plants Lear announced plans to open automotive seat cover factory in Macedonia Alumil plans a new aluminum extrusion plant in Serbia Yazaki to open a third factory in Bulgaria JinkoSolar will supply 50MW of solar panels to Tegnatia Dyesol will produce solar cells in Turkey Danone Romania invests in new packaging technology Bosch to invest 200 million euros in Turkey A bus chassis factory started operation ... more

As of 1 January 2015, there is a new management team at the helm of Messe Frankfurt Istanbul Uluslararasi Fuarcilik. The Messe Frankfurt Executive Board has appointed Isin Saglam and Tayfun Yardim as Managing Directors of the company. They will take over from Mirko Schubert, who had been overseeing the Istanbul subsidiary and who will return to his position as Vice President in charge of International Sales Management in Frankfurt.Isin Saglam and Tayfun Yardim will be jointly responsible for ... more

The parliament of Bosnia’s autonomous Bosniak-Croat Federation approved a Chinese consortium on as the preferred bidder to build a 450 megawatt coal-fired power generation unit worth 785.6 million euro. The consortium, which includes China Gezhouba Group and Guandong Electric Power Design, was the only valid bidder after Hitachi pulled out of the race. The project at the Tuzla power plant in northern Bosnia is one of the largest investments in the Balkan country’s energy infrastructure, which needs upgrading as ... more

With a new plant in Serbia and the foundation of a subsidiary in Bosnia-Herzegovina, Sika is laying the foundation for further growth in South-Eastern EuropeSika Serbia has relocated its premises from Belgrade city to a larger site in Simanovci, 20 km north-west of the capital, and built a mortar plant in addition to its existing concrete admixture production activities. With the expansion of its operations in Serbia, Sika is improving its competitive position and will be able to better ... more

The Italian company Calzedonia, a world leader in the textile industry, opened today in Subotica its second factory in Serbia. Factory ”Gordon”, a daughter company of the Italian giant has started with trial production last year, currently employs 450 workers and plans to hire a total of 1,000 workers. The company so far invested E15 millionis in the realization of this project.”Calzedonia” successfully operating in Serbia since 2008, primarily through its factory ”Fiorano” in Sombor, which currently employs 1,250 ... more

Tigar Tyres opened a new manufacturing facility ”BIG TIGAR” in Pirot which will employ 500 people, and increase the production of tires for passenger vehicles from 8 to 12 million pieces per year. The E215 million investment, located at the area of 56,000 m2, started in 2013 and it represents the completion of the first phase of the investment project.The second investment phase involves investing an additional E165 million to increase the capacity of production of tires for passenger ... more

A successful EBRD sustainable energy programme comes to an endIn 2004, Bulgaria was three years away from its EU accession. It was set to become the EU’s most energy intensive economy, while beginning a programme to shut down the oldest units of the Kozloduy Nuclear Power Plant, which produced 40 per cent of the country’s electricity.In this challenging context, the EBRD inaugurated a new model of private sector credit lines in Bulgaria, which aimed to make businesses and households ... more

On September 30th 2014, an opening ceremony was held at the restored production facilities of RASCO-TAMP Ltd. in the Serbian city of Senta. RASCO-TAMP was formed in 2013, when RASCO Ltd. bought the properties of TAMP Plc., an industrial valve producer. With the completion of investments aimed at improving the working conditions in the facilities and outfitting them with modern production technologies, the 50 current employees of RASCO-TAMP have begun the production of RASCO brand products. The company will ... more

With the activation of the new kiln, operations have begun on the new production line at the Devnya Cement plant, the Italcementi Group’s Bulgarian arm, located near the port of Varna in eastern Bulgaria. ”This operation, which flanks the Rezzato revamp in Italy, completes the strategic investment program to strengthen the Group in Europe” said Italcementi Group Chief Executive Officer Carlo Pesenti. ”With one of the largest investments in Bulgaria in the last 25 years, we have improved the ... more

Societatea Nationala Nuclearelectrica S.A. (”SNN”) announces that China General Nuclear Power Corporation (”CGN”) has been designated the Selected Investor for the development of Cernavoda NPP Units 3 and 4 Project (”The Project”). The selection of the investor was based on the analysis of the Documentation of Intent (the expertise of the investor with similar projects, the financial capability, the degree of adherence of the Qualified Investor to the Memorandum for the implementation of the Project, proposed by SNN, as ... more