Business economics - Current News Articles
Articles on Business economics. Daily updated information and news from the plastics industry.
The MOL Group buys a network of 120 OMV service stations in Slovenia
- 11.06.2021
- Latest News
- Automotive
- Business economics
The MOL Group entered into an agreement with OMV to acquire a 92.25 percent stake in OMV Slovenija d.o.o., in which the Group's subsidiary, INA d.d., currently owns a minority stake of 7.75%. The agreed purchase price is EUR 301 million. The MOL Group will thus own a 100% stake in OMV...
New partnership with PRS will strengthen MOL Group's key position in the circular economy of Central and Eastern Europe
- 03.06.2021
- Latest News
- Business economics
MOL Group has entered into a strategic supply chain partnership with PRS, a leading supplier of sustainable wooden pallets for the petrochemical...
MOL Group's Q1 results: Strong quarter despite third wave of pandemic and restraint
- 20.05.2021
- Latest News
- Business economics
In the first quarter of 2021, the MOL Group achieved net CCS EBITDA of 664 mil. USD. This is 7% more than in the same quarter of 2020, despite the third wave of the Covid-19 pandemic and the consequent restrictions on movement in Central and Eastern...
Chem-Trend strengthens customer proximity in the Czech Republic by founding a company in Prague
- 11.05.2021
- Latest News
- Business economics
Chem-Trend, a global market leader in the development and production of high-performance release agents, purging compounds and other specialised process chemicals, has founded a subsidiary in the Czech Republic on 1st April 2021: Chem-Trend CZ s.r.o., also opening an office in Prague. Taking this...
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Polykemi Inc opens own plant in Gastonia, North Carolina
- 04.05.2021
- Suppliers of raw materials
- Business economics
Polykemi Group is investing almost 10 million Euro in its own plant in the United States. That is the greatest single investment in the Group’s history. The goal is to launch production of plastic compounds as early as...
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Updated MOL 2030 strategy: The MOL Group will focus on sustainable business and carbon neutrality
The Board reviewed and approved the update of the "MOL Group 2030+" long-term strategy - originally published in October 2016 - which is fully integrated with the new sustainability strategy and complemented by a long-term vision and ambitions beyond...
Sales of injection molding machines in the Czech and Slovak Republics in 2020
Since 2011, the PlasticPortal.eu® editorial staff has been conducting an annual survey of the sale of injection molding machines in the Czech and Slovak Republics. This year's survey showed the impact of the first year of the pandemic crisis on the plastics industry in both...
Fatra has received AEO security certification
- 10.03.2021
- Latest News
- Business economics
After year - round efforts and the introduction of many new Fatra measures, a. S. received a new AEO security...
MAPRO sold the HAITIAN machine with serial number 1500
During 2007, MAPRO entered into a representation agreement with HAITIAN for the sale of injection molding machines for the Czech and Slovak...
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Positive dynamics: R&P POLYPLASTIC summed up the results of the year 2020
- 09.03.2021
- Suppliers of raw materials
- Business economics
Regardless of global economic tremors caused by the COVID-19 pandemic R&P POLYPLASTIC managed to maintain the sales amount on the level of 2019. The enterprise increased profitability, implemented a number of large-scale projects and shaped plans for the...
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Development of the situation in international transport associated with COVID-19
- 24.02.2021
- Services
- Business economics
International shipping around the world faces many challenges, not only with covid-19, but also with Chinese New Year celebrations. Geis CZ Air + Sea procurator David Knobloch informs about huge traffic jams in front of large ports and record profits of...
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European plastics industry market data report
- 02.02.2021
- Services
- Business economics
- Waste Management
PlasticsEurope regularly publishes market reports about the European plastics industry. Our most recent report is “Plastics – the Facts 2020. An analysis of European latest plastics production, demand and waste...
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Brexit and customs duties. What happens after 1.1.2021?
- 19.01.2021
- Services
- Business economics
After the expiration of 31.12.2020, the so-called transitional period and the United Kingdom will definitively, even de facto, withdraw from the European Union. The United Kingdom has already withdrawn from the European Union de jure on 1.2.20, but during the transitional period it has remained...
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MOL has completed the construction of a new research and development center in Százhalombatte
MOL has opened a new polyol research and development center in Százhalombatta, Hungary, which will develop polyol products according to customer requirements. The research and development center is named after former MOL CEO György...
Nexeo Plastics Signs Distribution Agreement in Europe with Kingfa
- 02.12.2020
- Latest News
- Business economics
Nexeo Plastics, a leading global thermoplastics resin distributor, has signed an agreement with Kingfa to distribute their engineering thermoplastic products throughout...
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A new, cutting-edge HRSflow workplace to better serve the European market
- 18.11.2020
- Services
- Business economics
The construction of the new HRSflow site is now drawing to an end with an area of approximately 3,000 sqm: a significant expansion for the San Polo headquarters...
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MOL Group EBITDA bounced back in the third quarter despite crisis, challenge period continues
- 16.11.2020
- Suppliers of raw materials
- Business economics
MOL Group announced financial results for the third quarter of 2020. During the pandemic and economic crisis, net CCS EBITDA rebounded from a low in the second quarter, reaching $ 610 million in the third quarter, down 12% from the same period last year. . Together with this result, EBITDA for the...
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MOL has completed the construction of a plant for the production of rubber asphalt from used tires at the Hungarian Zala refinery
- 30.10.2020
- Suppliers of raw materials
- Business economics
The MOL Group has completed the construction of a rubber asphalt plant at the Hungarian Zala refinery for approximately USD 10 million. The plant can produce 20,000 tons of rubber asphalt per year. In addition to recycling 8-10 percent of used tires in Hungary, the new plant will contribute to the...
Piovan Group acquires 100% of the share capital of Doteco SpA
- 14.10.2020
- Latest News
- Business economics
Piovan Group, the world's leading operator in the development and production of process automation systems for the storage, transport and treatment of plastic and food polymers and powders, listed in the STAR segment of the Italian Stock Exchange, announces the signing of the agreement for the...
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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
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...
