Business economics - Current News Articles
Articles on Business economics. Daily updated information and news from the plastics industry.
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The WITTMANN Group looks into the future with optimism
For the WITTMANN Group, the fiscal year 2022 was characterized on the one hand by a high order intake, which was well above average especially during the first half of the year. On the other hand, the tight situation regarding the supply of purchased parts, in particular electronic components,...
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Jevons paradox and JSW injection moulding machines
Plastic producers in the Czech and Slovak Republics are under enormous pressure. Inlection moulding plants are caught in the grip of technological conditions, when it is no longer possible to reduce costs with technology and the price of inputs goes against the trend of cost reduction. The price of...
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ORLEN expands network of filling stations in Europe
- 07.12.2022
- Suppliers of raw materials
- Business economics
The international ORLEN Group, which operates the ORLEN Benzina network of filling stations in Czechia, is significantly expanding in Hungary and Slovakia. The ORLEN Group entered Hungary because of the corrective measures related to its acquisition of Grupa LOTOS and an agreement with the MOL...
Salary benchmarking of AHK Slovakia
- 06.12.2022
- Latest News
- Events
- Business economics
After the corona crisis, the Slovak economy faces high energy prices, disruption of supply chains and sharp price growth. The National Bank of Slovakia expects that next year will be even more challenging than the current one. According to her prediction, real wages will decrease, inflation could...
Slovnaft: The Government of Slovakia threatens Slovakia's energy security
- 02.12.2022
- Latest News
- Business economics
Slovnaft takes note of Wednesday's decision of the Government of the Slovak Republic on the introduction of a solidarity contribution in the amount of 70%. However, we perceive a more than two-fold increase in the rate compared to the EU Council's recommendation, which is at the level of 33%, as...
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The results of the MOL Group in the 3rd quarter were positively affected by oil extraction and processing
- 14.11.2022
- Suppliers of raw materials
- Business economics
MOL Group reported today its financial results for the third quarter of 2022. Thanks to strong results in the Upstream and Downstream divisions, supported by macroeconomic factors, the MOL Group achieved a net CCS EBITDA of USD 1449 million in the third quarter of...
Slovnaft started full operation after planned shutdowns
- 04.08.2022
- Latest News
- Business economics
Bratislava refinery of SLOVNAFT, a.s. after more than two months of planned shutdowns, it started full operation and its production is available as standard for the domestic and foreign...
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Slovnaft to modernise and expand polypropylene production in Bratislava refinery investing up to EUR 63 million
- 14.06.2022
- Suppliers of raw materials
- Business economics
Slovnaft invests EUR 63 million in the expansion and modernisation of polypropylene production. The investment, will increase production capacity and reduce emissions. Linde Engineering, a renowned German company, is the contractor for the comprehensive reconstruction of the existing PP3 production...
SPUR a.s . - A successful acquisition of the company MEGAT - výroba z plastů Zlín spol. Ltd.
The plastics company SPUR has grown by another company. At the beginning of February, the company SPUR acquired a 100% share of the company MEGAT - výroba z plastov Zlín spol. s.r.o., producing plastic profiles. Thanks to the acquisition, the family company will expand production capacities for...
The government has approved a proposal for a levy on non-recycled plastic waste, the rate per kilogram will be uniform
- 31.05.2022
- Latest News
- Business economics
The Cabinet approved the European Union's (EU) own resource management system based on non-recycled plastic packaging waste. The system is intended to motivate states to reduce the amount of plastic packaging...
MOL Group is donating technical equipment to Ukraine to support the stable operation of the Ukrainian energy network
- 25.05.2022
- Latest News
- Business economics
MOL Group is in solidarity with the Ukrainian energy sector during the war and provides support in the form of facilities for the stable and safe operation of the Ukrainian energy sector network. MOL has so far offered equipment worth a total of EUR 290,000, of which the Ukrainian side has...
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MOL Group wants to fill more than 50 jobs with young people - recent university graduates
- 19.05.2022
- Services
- Business economics
MOL Group is opening a call to join for his annual Growww talent program. The development program is an ideal opportunity for recent graduates and graduates of master's or engineering studies who are looking for opportunities to start their careers in one of the largest companies in the...
MOL group q1 results: robust ebitda mainly supported by very strong upstream performance
- 16.05.2022
- Latest News
- Business economics
Today, MOL Group announced its financial results for Q1 2022. MOL Group delivered USD 833mn Clean CCS EBITDA in Q1 2022, on the back of the very high oil and gas prices. However, results were down by 6% compared to the previous...
Sales of injection molding machines in the Czech and Slovak Republics in 2021
Since 2011, the PlasticPortal.eu® editorial staff has been conducting an annual survey of injection molding machine sales in Czech Republic and Slovakia. This year's survey showed the impact of the second year of the pandemic crisis on the plastics industry in both...
ENGEL Group is involved in helping Ukraine
- 16.03.2022
- Latest News
- Business economics
ENGEL stands united. At the Austrian plants and in many subsidiaries of the injection moulding machine manufacturer who is headquartered in Schwertberg, aid campaigns for people affected by the war in Ukraine have been launched within a very short time. "We are overwhelmed, and proud of how...
Plastics production in Europe continues to decline
- 10.03.2022
- Latest News
- Business economics
Plastics production in Europe is falling. In 2020, Europe produced only 15% of the amount of plastics produced worldwide. In 2010, plastics production in Europe was 57 million tonnes, or about 21% of world production. As the latest publication "Plastics the Facts 2021" from the Plastics Europe...
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This year, Slovnaft is investing 52 million euros in the planned maintenance of production facilities
- 02.03.2022
- Suppliers of raw materials
- Business economics
Slovnaft will start the planned maintenance of part of its production facilities next weekend. This is the first part of the planned mandatory outages this year, which are expected to affect almost half of the production facilities. The company invests a total of EUR 52 million in mandatory...
Information for Czech employers and foreigners in connection with the conflict in Ukraine
- 01.03.2022
- Latest News
- Business economics
People who come to the Czech Republic from Ukraine will have free access to the labor market. It is important to enable those who can work to provide an income for their family. The Labor Office of the Czech Republic coordinates offers from Czech companies. Ukrainian families will support to the...
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MOL Group 2021 Results: Record high EBITDA driven by oil and gas prices
- 25.02.2022
- Suppliers of raw materials
- Business economics
MOL Group announced its financial results for Q4 and full year 2021. In a very volatile external environment, MOL Group generated USD 947mn Clean CCS EBITDA in Q4, bringing full-year clean CCS EBITDA to an all-time high USD 3.531bn, above the updated...
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In the second year of the pandemic, Slovnaft expanded its support to public communities
Even in the second pandemic year, Slovnaft did not slow down in supporting communities, ecology, culture or sports. At the end of the year, they donated more than 10,000 euros to healthcare professionals caring for covid patients at the University Hospital Bratislava. Established CSR programs such...
Volkswagen doubles deliveries of all-electric vehicles in 2021
“Volkswagen is continuing to press ahead with the transition to e-mobility despite the limited supply of semiconductors,” said Ralf Brandstätter, CEO of the Volkswagen brand. Last year, the company delivered more electric vehicles worldwide than ever before, handing over more than 369,000 electric...
Slovakia produced more than a million cars in 2021
- 17.01.2022
- Latest News
- Automotive
- Business economics
According to preliminary results, just over 1,000,000 cars were produced in Slovakia in 2021, which is a slight increase of about 4 percent compared to the previous year. The same volume of production is expected in 2022. Just for the sake of interest, in February of this year, a 15-millionth...
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October car production in the Czech Republic fell by almost half
Car production in the Czech Republic fell by 47% year on year in October due to outages caused by a lack of chips, with 68,202 passenger cars produced. A total of 899,855 cars were produced this year. This is 4% less than in the same period last year, which was the worst in terms of volume since...
Good results of the MOL group for the 3rd quarter 2021
- 11.11.2021
- Latest News
- Business economics
MOL Group announced financial results for the third quarter of 2021. Thanks to a favorable macroeconomic environment, doubling of petrochemical margins compared to last year and internal performance, net CCS EBIDTA (earnings before interest, taxes, depreciation and amortization, net of inventory...
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German companies want to support sustainability in Slovakia
- 02.11.2021
- Services
- Circular economy
- Business economics
The leaders of 13 major companies from six different sectors commit themselves in a joint memorandum to promoting a sustainable economy. Companies, mainly from Germany, support measures aimed at reducing CO2 production, protecting natural resources and, as far as possible, enabling the development...
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ENGEL: What are the challenges facing the plastics industry in 2021?
- 26.10.2021
- Machinery & Equipment
- Business economics
- FAKUMA
- Injection molding machines
- Injection molding
After a long break, ENGEL presented itself at FAKUMA 2021. "The markets are recovering faster than expected," says Dr. Chris-toph Steger, CSO of the ENGEL Group. "The demand is huge, and the plastics industry is tak-ing a very dynamic approach to tackling the challenges of digitalisation, cli-mate...
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The chip crisis is also affecting the Czech automotive industry
The deepening chip crisis is significantly affecting the performance of the automotive industry in the Czech Republic. So far during the year, 831,653 passenger cars were produced, ie. Only 2.9% more than last year's "covid" year. However, since August, production has been significantly affected by...
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Reduce your company’s carbon footprint with material-smart choices
Polykemi Group is making a major investment to help companies reduce their carbon footprint. The company is using a scientific study to provide customers information on how their material choices affect the...
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Plastics processor Ensinger focuses on renewables and material cycles
- 12.08.2021
- Plastics Processing
- Business economics
The manufacturing sector – particularly the plastics industry – has a key part to play in curbing climate change. With this in mind, the Ensinger Group’s owners and management team are acknowledging their responsibility when it comes to limiting and gradually reducing the company’s greenhouse gas...
The results of the MOL Group for the second quarter are historically the strongest
- 11.08.2021
- Latest News
- Business economics
Today, the MOL Group announced its financial results for the first and second quarters of 2021. In the first six months, the MOL Group generated EBITDA of CZK 1,559 million. USD, while in the second quarter profit before tax, interest and depreciation adjusted for costs related to revaluation of...
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