News

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

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

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

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

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

A loan agreement between the European bank for reconstruction and development (EBRD) and Autonom Services S.A. was signed in Bucharest. ... more

Leoni has announced plans to invest of EUR 32 million and provide 2000 jobs in the region. ... more

The opening ceremony on September 12 was attended by Latecoere’s Chief Executive Officer Yannik Asuad and Bulgarian Prime Minister Boyko Borissov. ... more

The exhibit mainly focused on the Coating on Demand service architects and designers can use to create custom coatings. ... more

At the Fakuma 2018, Arburg provided insights into the digital present and future of injection moulding. ... more

From October 23 to 26 this year, Viprotron exhibited its newest devices at the glasstec event in Dusseldorf, Germany. ... more

This investment positions Turkey as a central hub in escalator exports to the region, commented officials from Turkey’s investment agency ... more

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

The Serbian-French manufacturer of aluminum castings for the automotive industry Le Belier announced it was investing 6 million euro in the construction of a new factory next to its existing facility in Kikinda. ... more