News

The French multinational luxury goods conglomerate Sephora is about to acquire the Turkish major cosmetics retailer Tekin Acar Cosmetics. The deal is currently subject to approval by the Turkish Competition Authority, but upon approval 19 stores, including the flagship ones in Istanbul and Ankara, will be acquired by the French cosmetics compay. ... more

Sezana-based adhesives producer Mitol has been acquired by Belgium’s Soudal Holding. The Slovenian company expects to benefit from synergies while keeping all its business segments and trademarks. “With the arrival of a strategic owner with a clear vision, Mitol will further strengthen its development, sales and long-term stability,” said director Marjan Mateta, who will remain at the helm of Mitol. ... more

Kursumlija-based Planinka opened a new modern line for bottling in its factory for bottling Prolom voda. As company director Radovan Raicevic announced EUR 2,5 million was invested in the line with capacity of 13 200 units per hour. ... more

The British automotive and aviation company Rolls Royce and one of Turkey’s prominent defense contractors - Kale Group, have established a joint venture with ownership as follows: 51% for Kale Group and 49% for Rolls Royce. The joint venture company will operate under the name TAEC Aircraft Engine Industry Corporation and will produce jet engines for both military and civilian purposes, with intellectual property rights to the engines remaining in Turkey. ... more

Mark Metal, an Austrian manufacturer of car parts, opened a new production facility in the town of Ptuj, Slovenia. The company has been operational within the country for almost 20 years and now plans to expand production and double the number of jobs to nearly 200 in two years. It invested EUR 4 million into the former commercial premises of Techcenter and additional EUR 4 million into machinery. ... more

The Albanian National Council of Territory has approved the building of an oil port within the Romano Port of the town Durres. The so-called MBM Port will be set up based on a concession contract in the form of BOT (building, operation and transfer of ownership and operation right at the end of the concession agreement). ... more

A new facility of Naftna Industrija Srbije (NIS) for production and wholesale of natural compressed gas was opened on May 23 this year in the gas field Ostrovo near Pozarevac, Serbia. The planned annual capacity is 9000 tons and the investment is worth about EUR 3 265 000. ... more

The Bulgarian representative of the American dealer of agricultural and construction equipment, Titan Machinery, officially opened its new sales-service center in Sofia. The company welcomed over 200 guests at an official ceremony and cocktail for its grand opening. ... more

ESD Bulgaria participated in the 61st International Fair for Technical and Technological achievements in Belgrade, Serbia, which took place from May 15th to May 19th 2017. The exhibition emphasized on the technology developments under the theme “Future Tempo”. ... more

A new factory of the German company Marquardt was officially opened in the industrial zone Karaslari in Veles, Macedonia. The factory that will produce high-tech parts for the German automotive industry (Mercedes, Audi and BMW) has an area of 15 000 sq.m. and already employs 170 of the planned 600 people. The current investment is EUR 25 million and is planned to reach over EUR 35 million. ... more

Istanbul Metropolitan Municipality (IMM) and Ericsson have signed an agreement for the development and implementations of a smart city consultancy project. The two will work together under the umbrella of the Istanbul Informatics and Smart City Technologies (ISBAK AS) company and their aim is to achieve the city’s smart vision and 2024 targets. ... more

Greece’s largest manufacturer of defense electronics products, systems and applications Intracom Defense Electronics (IDE) has won the contract for design and development of electronic units for the Block 2 improved version of the surface-to-air ESSM missile (Evolved SeaSparrow Missile). The country has taken part in an international bidding process with companies from ten countries participating in the ESSM consortium. ... more

An investment worth EUR 200 million will be made by Italy’s tyre manufacturing giant Pirelli in Romania. The company will deploy those funds at its factory in Slatina within the next five years. ... more

The pharmaceutical giant Novartis and its Slovenian subsidiary Lek plant to shift their warehousing and distribution operations to a new logistics centre. The facility will be built adjacent to the Ljubljana Joze Pucnik Airport and will occupy an area of 35,000 sqm. German logistics company Kuehne + Nagel has been appointed to build and manage the facility. ... more

Sonaca, the Belgian company for development, production, assembly and testing of structures and systems for the aerospace industry, has opened a new production plant in Moldovenesti, Cluj County, in Romania. The local subsidiary of the Belgian group - Sonaca Aerospace Transilvania SRL - has made a total investment worth EUR 11,8 million, of which EUR 5,4 million were state aid provided by the government. ... more