EBRD finances Rijeka district heating
€10 million loan for investment programme in Croatia’s largest port cityThe EBRD is supporting an investment programme in the district heating services of Rijeka, the largest port city in Croatia. The Bank will provide a loan of up to 10 million EURO to the service provider Energo Rijeka for the rehabilitation of the existing district heating network and the implementation of an investment for a new combined heat and power plant.The Government of Austria has confirmed funding to support ... more
CEZ Raises Efficiency of Its Hydro Portfolio in Romania
After nearly two years of extensively upgrading the Resita water power plant system on the Barzava Superioara river, the project has come to a successful end. Due to the investment of EUR 30 million, the four hydropower plants now generate electricity with 20% higher efficiency, thus producing one fifth more electricity from the same amount of water."Hydropower plants are very environmentally friendly sources of energy. Due to their great flexibility in production, they can stabilize the entire power system, ... more
Bulgarian mining complex Mini Maritsa Iztok awarded equipment supply contracts worth a total of 3.53 million leva ($2.4 million/1.8 million euro) to two local companies, according to the European Union’s procurement journal.Machine construction company ZMM Metalik won a 2.74 million leva deal to supply conveyor rollers to the mining complex, the notice published in the Tenders Electronic Daily (TED) showed. Another local company, Modul, was chosen as supplier of couplings under a contract worth 792,750 leva. The contract value was ... more
Turkish carboxymethyl cellulose (CMC) producer Acipayam Seluloz Sanayi ve Ticaret stated its intention to establish a new factory building and CMC production line to boost its output capacity. The new production unit will be built on land owned by the company and will have annual output capacity of 3,000 tons of CMC. The investment will expand the company’s total output capacity to 10,200 tones from 7,200 tons produced by its factory at present. Aciselsan operates in the Acipayam district of ... more
Mubadala establishes an aircraft parts factory in Serbia
Тhe talks with Mubadala company on the establishment of an aircraft parts factory in Serbia will be completed until the end of November, Serbian First Deputy Prime Minister Aleksandar Vucic stated. The aircraft parts plant for Boeing and Airbus will most certainly employ around 600 people. A possible location is the Belgrade’s neighborhood Zemun, next to the Nikola Tesla airport. The project is expected to be developed by Strata, Mubadala’s aerospace manufacturing arm."The talks are under way. The negotiations will ... more
Bulgarian confectionery maker Prestige 96 opens new factory
Leading pastry manufacturer "Prestige 96" moved the production of all its products into a brand new plant in Veliko Tarnovo. Since the beginning of 2013 the confectionery manufacturer produces all of its product range in a new 28 400 square meter modern factory. The investment in construction of the plant and implementation of quality control equipment is of total value of BGN 30 million. The factory was officially inaugurated at the end of October."Bulgarian market is of great importance to ... more
Magna International officially announced the expansion of its business in Eastern Europe with the inauguration of a new greenfield manufacturing plant in Kocaeli, Turkey. The facility is being shared by Magna’s Exteriors and Interiors, Mirrors, and Closures operating units. "The exteriors parts which Magna produces here in Kocaeli are crucial to automobiles with regards to their function and look, eyed closely by customers. Magna’s experience in creating these parts will further support the success of Ford Transit, well-known for its ... more
Italian automotive company opens plant in Slovenia
The Italian automotive company CECOMP has opened a metal stamping plant in an industrial zone near the south-eastern village Mirna Pec in an investment valued at 10.5 million euro that also won a 850,000 euro state subsidy. The site was chosen due to its proximity to the motorway and various automotive companies, which the plant will supply. The 6,000-square-metre production hall contains 14 tools and three heavy presses. Production will be conducted in a single shift.The new factory will employ ... more
ROMBAT opens new production facility in Bistrita
The Romanian battery producer ROMBAT has officially launched its new production facility based in Bistrita. Thе new production unit is specially designed to manufacture batteries in order to equip cars with start-stop technology and regenerative breaking system.Situated in Bistrita, the new ROMBAT production facility represents a total investment of 83.4 million Lei, 32.8 million lei, of which, has been financed through a governmental financial grant. The production hall has a total surface area of 5,000 square meters separated into 3 ... more
Prysmian’s new unit at Slatina factory in Romania increases optic fiber cable production capacity to 1.5 mln km a year
Prysmian Group has opened a new plant for optical fiber cable production at the factory in Slatina. Although the Slatina factory has been making cables for 40 years, optical fiber cable production only began in 2009, with opening of a new unit. The latest addition to the factory will triple production capacity from 500,000 km to 1.5 million km of cable a year, with the potential of extending capacity still further to 3 million km annually.The investment in expanding production ... more
Bosch Rexroth has supplied hydraulics to the Deriner Dam in Turkey - one of the largest dams in Europe
The dimensions of the Deriner Dam on the Coruh River in the north east of the country are gigantic in every respect. Over 3.5 m3 of concrete were poured into this 249m high and 720 m long structure. Construction has been going on for ten years, with a budget that has grown to Euro 1.5bn."To achieve this power output, we will impound almost two billion litres of water," explained Hilmi Kaplan, who is responsible for the electro-mechanical realisation at ERG ... more
Bulgaria’s "Vkusna iadka" invested BGN 4 mln. in a new packaging facility
Bulgaria’s "Vkusna iadka" invested BGN 4 mln. in a new packaging facility in Gorni Lozen near Sofia. Half of the investment amount is an EU - Rural Development Programme subsidy and the other half is financed with a bank loan.The new workplaces created by the investment are 25, with a production capacity of the plant - 1200 tons a year. The total area of the plant is 1500 sq.m. The building includes a production hall, warehouses, offices, workshop and laundry."Vkusna ... more
EFT group plans 50 million EUR in a Romanian power generating project
The EFT Group, an European energy trading and investment firm, said it looks to invest at least EUR 50 million in a power generating project in Romania, planning to set up an special fund to finance regional energy investments in the coming years. Milos Hamovici, vice-president of EFT Group, said it will take between six months to one year to set up the fund and start assessing the investment opportunities. "We want to invest at least EUR 50 million, either ... more
MHI receives steam turbine order for second unit at Germencik Geothermal Power Plant
Mitsubishi Heavy Industries (MHI), jointly with Mitsubishi Corporation, has received an order for a steam turbine from Gurmat Electricity Generation Co., which is one of the affiliate companies of Guris Holding an independent power producer (IPP) in Turkey, to be installed in the second 47 MW (megawatt) power generation unit at the Germencik Geothermal Power Plant. The new unit at the plant, which is located on the Aegean Sea coast approximately 60 kilometers south of Izmir, Turkey’s third-largest city, is ... more
Reconstruction of TPP Plomin, Croatia
The purpose of the project is to build a long-term, safe and stable source of electricity. The replacement unit will have a capacity of 500 MW at the generator, instead of the existing 125 MW at the generator. After the reconstruction, the existing capacity at site in the order of 335 MW will be increased to 710 MW. The start-up of the replacement unit is planned after the shutdown of unit TPPP 1.Purpose of constructionThe Project includes the reconstruction of ... more

LATEST issue 4/2021

issue 4-2021



Taiwan’s largest trade show since outbreak of the pandemic TIMTOS x TMTS 2022 opens in February

Taiwan’s largest trade show since outbreak of the pandemic TIMTOS x TMTS 2022 opens in February

TIMTOS x TMTS 2022 will launch a line-up of online services and activities in conjunction with the physical exhibition, including On-site Guide for Online Visitors, Live Tour @ Showground, Live ... more
Environmental industry met at IFAT Eurasia 2021 in Istanbul

Environmental industry met at IFAT Eurasia 2021 in Istanbul

This year, there was a special focus on combating the impending environmental disaster in the Sea of Marmara, where algae slime blankets on a historic scale have formed over the ... more
The die casting sector to gather at EUROGUSS 2022

The die casting sector to gather at EUROGUSS 2022

Machinery and equipment, processes, toolmaking and mould fabrication, foundries and associated technologies will be showcased in the four halls ... more
30th edition of Plast Eurasia to be held in December

30th edition of Plast Eurasia to be held in December

Exhibitors at the fair will have the opportunity to expand their business network and customer portfolio and gain access to new markets by meeting decision makers from the Balkans, Eastern and Western Europe, Western and Central Asia, Middle ... more