Sogefi Group plans to invest in a new Balkan manufacturing facility
Sogefi Group is building a second manufacturing plant in Romania, the country’s Investment Agency announced. The Greenfield project worth EUR 50 million is planned to be implemented in the next 8 years. The facility will manufacture suspension components. ... more
MD Elektronik expands its production in Bulgaria
MD Elektronik announced its plans to establish a new location in Vratsa, Bulgaria. The automotive supplier intends to build a production plant near Sofia, the capital of Bulgaria, where data cables and electronic components for numerous car manufacturers and system suppliers will be manufactured. ... more
South Korean company Yura plans a manufacturing facility in Albania
The South Korean Yura Corporation is going to build a modern manufacturing plant in the Albanian city of Fier, the country’s Investment Agency announced. The initial investment in the facility amounts to EUR 6,5 mln. With this step the company is finally entering the Albanian market after planning it for years. Yura intends to develop an area with a total surface of 4,9 hectares known as the pipe basis in Zhupan, Fier, which was designated in 2018 as a priority ... more
Daimler opened a new gearbox production line in Romania
The global automotive corporation Daimler started operating a new production line in the Romanian city of Sebes. The line is located at its local subsidiary Star Assembly which now produces 8G Double Clutch gearboxes for Mercedes-Benz cars. The investment in the manufacturing expansion worth EUR 250 million is planned to create a total of 500 new job positions in the facility. ... more
PepsiCo launched its sixth production site in Turkey
The US food and beverage manufacturing company PepsiCo officially inaugurated its sixth production facility in Turkey in January. The plant is located in the Manisa province. The project worth an investment of USD 150 million was given a start in 2014. ... more
German company Boysen to build a 65 million euro plant in Subotica
The German producer of exhaust systems for the car industry Boysen plans to invest EUR 65 million in a production plant in Subotica, North Serbia. The facility will be located in the Mali Bajmok Industrial Zone and will cover an area of 35 000 m2. The investment is projected to create over 500 new jobs over the next five years. ... more
The new vehicles are provided via a loan by the European Bank for Reconstruction and Development and the Green Energy Special Fund (GESF). ... more
EBRD provides a EUR 5 million to a Romanian mobility provider Autonom Services
A loan agreement between the European bank for reconstruction and development (EBRD) and Autonom Services S.A. was signed in Bucharest. ... more
Groundbreaking ceremony for German car cable supplier Leoni in Pleven, Bulgaria
Leoni has announced plans to invest of EUR 32 million and provide 2000 jobs in the region. ... more
Latecoere Group opens a new manufacturing factory in Bulgaria
The opening ceremony on September 12 was attended by Latecoere’s Chief Executive Officer Yannik Asuad and Bulgarian Prime Minister Boyko Borissov. ... more
AGC Interpane presented innovative products at glasstec 2018
The exhibit mainly focused on the Coating on Demand service architects and designers can use to create custom coatings. ... more
Arburg provided insights in injection moulding at Fakuma 2018
At the Fakuma 2018, Arburg provided insights into the digital present and future of injection moulding. ... more
Viprotron presented new devices at this year`s glasstec exhibition
From October 23 to 26 this year, Viprotron exhibited its newest devices at the glasstec event in Dusseldorf, Germany. ... more
Thyssenkrupp opens escalator factory in Turkey
Germany’s Thyssenkrupp Elevator opened an escalator production facility in Kocaeli, Turkey, as part of a EUR 20 million investment. This investment positions Turkey as a central hub in escalator exports to the region, commented officials from Turkey’s investment agency. ... more
Herz Armaturen focusing on its production near Ljubljana
The Slovenian manufacturer of faucets and valves Herz, part of the global company Herz Armaturen, started constructing a new 5000-square-meter factory. The local division, based near Ljubljana, announced it was investing four million euro in the new production facility. ... more