Business economics - Current News Articles
Articles on Business economics. Daily updated information and news from the plastics industry.
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KraussMaffei extends sales cooperation with Luger in Austria and Hungary
KraussMaffei Austria, a national subsidiary of the Munich-based KraussMaffei Group, is extending its sales cooperation for KraussMaffei-brand injection molding machines with the Austrian family-owned company Luger GmbH. The cooperation will start on September 1,...
The crisis significantly affected the MOL Group's results for the second quarter
- 24.08.2020
- Latest News
- Business economics
MOL Group announced financial results for the first half of the year and the second quarter of 2020. In the first six months, the MOL Group generated EBITDA of $ 975 million, while EBITDA decreased significantly in the second quarter due to the pandemic and the economic...
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Eastman is working with IMCD Group to expand its distribution network for specialty plastics in Europe, the Middle East and Africa
- 23.07.2020
- Services
- Business economics
Eastman Chemical B.V. announced that from 1 August 2020, it is expanding and strengthening its strategic partnership with the IMCD Group for the distribution of its specialty...
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The nanotechnology company SPUR has launched a new line for the production of respirators
- 16.07.2020
- Plastics and Rubber products
- Business economics
SPUR a.s. put into operation a fully automated line for the production of FFP2 respirators. Also the production of veils on the automatic line is already running at full speed, a total of 1 million pieces of nano veils were produced. In investments in the production of protective equipment, SPUR...
R&P POLYPLASTIC to invest over 20 million Rubles in a new warehouse facility
- 08.07.2020
- Latest News
- Business economics
R&P POLYPLASTIC, a leading producer of polymer compounds in Russia and the CIS, is investing over 20 million Rubles in a new state-of-the-art warehouse facility at its largest manufacturing plant in Engels (Saratov region). Total area of the facilities shall exceed 3 thousand square...
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Polykemi Group increases the efforts in China
- 06.07.2020
- Suppliers of raw materials
- Business economics
Polykemi Compounds in Kunshan, China has recently finished their third factory building. This gives the company the possibility to install at least five additional extruding lines, that would increase the production capacity by more than 10 000 tonnes per...
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MOL Group reported a net loss of $ 152 million in the first quarter
- 12.06.2020
- Suppliers of raw materials
- Business economics
MOL Group announced financial results for the first quarter of 2020. Extensive losses from inventories and foreign exchange transactions resulted in MOL reporting a net loss of $ 152 million. This is the first manifestation of a pandemic...
Foxconn Slovakia resumed production after Easter
- 15.04.2020
- Latest News
- Business economics
Leading producer of consumer electronics, Foxconn Slovakia spol. Ltd. Nitra, after a temporary shutdown, resumed production on the date as planned, ie from April 14, 2020. The range of production is promptly adjusted according to current...
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The MOL Group guarantees a secure supply when optimized production and financial measures are taken
- 14.04.2020
- Suppliers of raw materials
- Business economics
The MOL Group has put in place measures that mitigate the impact of the current situation on the Group and allow the MOL to emerge stronger from this crisis. The MOL Group focuses on protecting the health and safety of its employees, minimizing the spread of COVID-19 through operations, and...
MOL Norge has discovered new crude oil and gas deposits in the North Sea
- 08.04.2020
- Latest News
- Business economics
MOL Norge and its partners have discovered crude oil and gas deposits in an offshore exploration area about 200 km west of Stavanger. Location in this part of the North Sea belongs to Norway. MOL Norge AS is a subsidiary of the MOL...
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World innovation leaders advise small and medium for businesses in crisis: Digitize and innovate
- 07.04.2020
- Services
- Smart factory
- Business economics
Through social networks, SOVA Digital has contacted dozens of global innovation leaders and asked them what SMEs should do in a time of coronary crisis. The addressed specialists offered advice on how to deal with the crisis and how businesses could emerge from...
Hyundai will start in Nošovice for two shifts after the resumption of production
- 07.04.2020
- Latest News
- Automotive
- Business economics
The Hyundai car factory in Nošovice will initially operate in two shifts instead of the usual three after the restart of...
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AKRO-PLASTIC – groundbreaking for new production site in Changzhou, People’s Republic of China
AKRO-PLASTIC held a launch ceremony for its new compounding plant in Binjiang Industrial Park in Changzhou, People’s Republic of China. AKRO-PLASTIC is a company of the Feddersen Group and has continuously expanded its activities in the Chinese market during the last 15...
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How to sell successfully company in the plastics industries
- 20.03.2020
- Services
- Business economics
When is it advantageous to sell a business or how to timely sell a business? Several factors affect the success of a business. Like owners selling a business, investors want to make a good and profitable business. This often means that the willingness of investors is greater in the growth phase of...
Response to the suspension of VW production and other European car manufacturers
- 17.03.2020
- Latest News
- Business economics
In connection with the decision of European automakers to temporarily suspend production, we publish a comment by Zdeněk Petzl, Executive Director of the Automotive Industry...
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The MOL Group's 2019 profit exceeded the updated full-year outlook
- 28.02.2020
- Suppliers of raw materials
- Business economics
The MOL Group reported its 2019 results. Despite the challenges and volatility of the external environment at the end of the year, the MOL Group achieved a cleaned CCS EBITDA of $ 598 million in the fourth quarter. Adjusted CCS EBITDA for the full year is $ 2.44 billion, outperforming the recently...
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Exact Systems Slovakia s.r.o. was awarded for economic results
- 10.02.2020
- Services
- Business economics
- Awards
The award is given by the Slovak Information and Marketing Company to companies that meet demanding conditions of solvency and fulfillment of obligations towards clients and...
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ZKW expands locations in Mexico and Slovakia
The ZKW Group is expanding its manufacturing capacity at its international locations. The largest expansion project in ZKW’s history has already gone into operation in Krušovce, Slovakia. The production space here has been doubled to around 78,000 square meters. With around 2,500 employees, the...
Opportunities of obtaining grants in the Slovak Republic
- 24.01.2020
- Latest News
- Business economics
News overview - January...
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Final investment decision on the Rijeka Refinery Residue upgrade project
- 09.01.2020
- Suppliers of raw materials
- Business economics
INA Supervisory Board granted its prior agreement for the Rijeka Refinery Residue Upgrade project and the INA Management Board unanimously approved the investment. The decision was supported both by the Croatian Government and by MOL, the two major shareholders of...
New production and operation hall of PENTA-servis spol. s r.o.
- 29.11.2019
- Latest News
- Business economics
The company PENTA-servis spol. s r.o. completed the construction of a new production and operation hall, where it will move the entire service and logistics department in the...
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MOL Group upgrades 2019 guidance after robust Q3 results
- 20.11.2019
- Suppliers of raw materials
- Business economics
MOL Group announced its financial results for the third quarter of 2019. Despite a weaker macro environment and much lower oil and gas prices, strong Q3 EBITDA allows MOL Group to raise 2019 full year guidance to „around USD 2.4 bn” from „around USD 2.3...
Trend Rejlek became a 100% part of the Trend Technologies group
- 04.11.2019
- Latest News
- Business economics
On March 29, 2019, the Trend Technologies Group acquired the Rejlek Group's stake in Trend Rejlek. Trend Technologies and Rejlek Group have worked closely over the past 10 years to successfully build a joint venture. Because of different strategies between the Groups, companies considered it most...
MOL Group has announced a new investment into propylene production
- 18.10.2019
- Latest News
- Additives
- Business economics
A new Olefins Conversion Technology (OCT) Unit will be built at MOL Petrochemicals' site in Tiszaújváros. The unit will have a production capacity of 100,000 MTA of polymer grade propylene. The project is expected to be completed in...
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The success story continues - a strong first half year of 2019 for Polykemi AB
- 10.09.2019
- Suppliers of raw materials
- Business economics
After several years with strong growth, Polykemi AB continues to deliver very strong results. During the first half of 2019, the company has gained 71 new businesses. We actually are at all time high levels and are so pleased to be able to keep on delivering that kind of figures, informs Mr Mattias...
The MOL Group is well on track to meet or exceed its full-year target estimate
- 12.08.2019
- Latest News
- Business economics
The MOL Group reported its financial results for the first half of 2019. In the first six months, the MOL Group achieved EBIDTA of EUR 1.15 billion. USD, which is exactly half of the target estimate for...
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K 2019: ENGEL celebrates 30 years of tie-bar-less technology
When it comes to the unparalleled success story of ENGEL’s tie-bar-less technology, the numbers speak for themselves, with more than 70,000 machines in the hands of around 10,000 customers. It was first released 30 years ago at the K show in 1989 and is currently enjoying a true resurgence. ENGEL’s...
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Excellent innovative strength and innovative achievements: BGS is TOP 100 Innovator
- 09.07.2019
- Machinery & Equipment
- Business economics
In the 26th edition of the innovation competition TOP 100, BGS Beta-Gamma-Service GmbH & Co. KG has secured its position among the best: At the awards ceremony held on June 28 in the Frankfurt Jahrhunderthalle, the company was officially honoured for its innovative strength by Ranga Yogeshwar, the...
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MOL Group delivered over USD 500mn EBITDA in the first quarter of 2019
- 10.06.2019
- Suppliers of raw materials
- Business economics
MOL Group announced the first quarter of 2019 financial results in Budapest. In the first quarter, EBITDA was in line with the annual plan of over USD 500mn. Upstream division EBITDA remained unchanged at 283 million euros. USD. Downstream Net CCS EBITDA decreased to USD 138mn. Customer Service...
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ENGEL ends fiscal year with growth
- 07.06.2019
- Machinery & Equipment
- Business economics
The ENGEL Group saw out the 2018/19 fiscal year, which closed at the end of March, with a turnover of €1.6 billion. The injection moulding machine manufacturer and systems solutions provider headquartered in Schwertberg, Austria, once again raised its sales, achieving a 6% increase over the...
