Business economics - Current News Articles
Articles on Business economics. Daily updated information and news from the plastics industry.
Call for proposals to support the development of innovative solutions for decarbonisation
The Government Office of the Slovak Republic has announced a call to support innovation in enterprises through the development of unique solutions in the field of decarbonisation. The aim is to contribute to green transformation, reduce the carbon footprint and increase resilience to climate...
MOL Group and Turkish Petroleum establish strategic partnership in Black Sea hydrocarbon exploration
MOL Group signed a Memorandum of Understanding (MoU) with the Turkish Petroleum Company (TPAO) in Istanbul regarding strategic cooperation in the exploration and production of hydrocarbons. The companies have agreed to take their cooperation to a new level following successful international joint...
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Summer competition at ORLEN filling stations knows the winner
The big summer competition of the ORLEN filling station network "Win a summer full of adventures" knows the winner. The award ceremony took place at the ORLEN filling station in Nitra-Lužianky. It also included a tasting of Stop Cafe products, namely potato lokshe and delicious Fairtrade coffee....
MOL Group launches green hydrogen plant with the largest capacity in the region
MOL Group has commissioned a new 10 megawatt green hydrogen plant at the Duna refinery in Százhalombatte. The plant, the largest in Central and Eastern Europe, will produce 1,600 tonnes of clean, carbon-neutral green hydrogen per year, which will be used by MOL Group for the production of motor...
Agnieszka Bobrukiewicz become a member of the Board of Directors of ORLEN Unipetrol Group
Agnieszka Bobrukiewicz become a member of the Board of Directors of the ORLEN Unipetrol Group, effective September 1, 2024. In her new role, she will focus primarily on the management of the Group's retail segment and marketing activities within the Czech, Slovak and Hungarian...
The HOPV Slovnaft system has been protecting the underground waters of Žitné ostrov for 50 years
Slovnaft Refinery has started shutting down the petrochemical part of the refinery, the restart of the production units is planned for...
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Company valuation - 4 most common reasons for valuation
- 20.08.2024
- Services
- Business economics
In our many years of experience, we have come across many reasons for the appreciation of the company with which company owners and top managers turn to us. In the following review, we will therefore try to list the most common...
Lummus and MOL Group's new plastic waste recycling plant in Hungary is in the engineering phase
Lummus Technology, a global provider of high value-added process technologies and energy solutions, and MOL Group, a leading integrated oil and gas company in Central and Eastern Europe, have entered the engineering phase for the construction of Lummus' first Advanced Waste Plastic Recycling...
The HOPV Slovnaft system has been protecting the underground waters of Žitné ostrov for 50 years
Spoločnosť SLOVNAFT, a.s. je o krok bližšie k diverzifikácii zdrojov pre svoju výrobu a k väčšej flexibilite pri spracovaní ropy. Vďaka investičným projektom realizovaným v uplynulých mesiacoch bude môcť Slovnaft vyrábať motorové palivá a ďalšie produkty z väčšieho objemu alternatívnych druhov...
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Mapro launches Haitian 5th generation injection moulding machines on the Czech and Slovak market
Mapro brings to the market in the Czech Republic and Slovakia top injection moulding machines of the 5th generation from the renowned manufacturer Haitian. These machines not only meet specific customer needs, but also offer smart technologies and solutions at unbeatable...
MOL Group recorded good performance in Q1 despite challenging external conditions
- 23.05.2024
- Latest News
- Automotive
- Business economics
MOL Group announced its financial results for the first quarter of 2024. MOL Group achieved a pre-tax profit of EUR 382 million in the first quarter of 2024. This was in the context of continued government intervention, planned shutdowns at Downstream, the adverse impact of lower gas prices in...
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MOL Group wants to achieve carbon neutrality with its smart transformation
MOL Group has updated its long-term strategy SHAPE TOMORROW. The goal is a greener, more self-sufficient and competitive...
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Sales of injection molding machines in the Czech Republic and Slovakia in 2023
Since 2011, the PlasticPortal.eu® editors have been conducting an annual survey of the sale of injection molding machines in the Czech and Slovak...
German plastics industry faces worst economic crisis in history
- 30.04.2024
- Latest News
- Business economics
Plastics Europe, the European association of plastics converters, has informed the trade on the state of plastics production in Germany for...
MOL Group expands its consumer services portfolio in Poland
MOL Group will produce 1,600 tonnes of green hydrogen per year using electricity from renewable sources. This will reduce the Duna refinery's carbon dioxide emissions by 25,000 tonnes.With the introduction of this technology, MOL Group has taken an important step towards carbon neutrality and...
Successful acquisition: SPUR a.s. expands to Olomouc
On Friday, 1 March, the Zlín-based company SPUR a.s. completed another successful acquisition after officially taking over the operation of the recycling part of JELÍNEK-TRADING spol. s.r.o. in Křelov-Břuchotín in the Olomouc region. The newly established company is called SPUR plastic recycling...
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ORLEN has launched mobile app with loyalty programme
The ORLEN filling station network has launched a mobile app that offers customers benefits such as a loyalty programme and navigation to the selected petrol station. Customers can use the ORLEN app to earn points for payments when purchasing fuel, goods and services at full and self-service petrol...
Duslo a.s. received EUR 58 million from the Modernisation Fund for the production of green hydrogen
- 07.03.2024
- Latest News
- Business economics
One of the companies that received 58 million euros from the Modernization Fund for the production of green hydrogen is Duslo a.s. In this context, the Deputy Prime Minister and Minister of Environment of the Slovak Republic Tomáš Taraba visited the plant in Šali and handed over contracts to its...
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ORLEN expands its fuel station network in Europe
Following the acquisitions in Austria, Germany, Slovakia and Hungary, ORLEN's station count has surged by almost a third over the past year. The Group is currently finalising the purchase of more than 60 service stations in...
What will 2024 look like for the EU funds?
- 04.03.2024
- Latest News
- Business economics
After a year full of doubts, 2024 finally looks like a year of progress for businesses. Upcoming calls from the Slovakia Programme, the Modernisation Fund or the Recovery Plan aim to improve the business environment and continue Slovakia's green...
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ORLEN has doubled the number of stations in Slovakia. Next year it will launch a mobile app and start building an electric vehicle infrastructure
ORLEN's international network of filling stations in Slovakia is growing rapidly. This year, it has almost doubled the number of its stations and completed the process of unifying the labelling of its fuel stations. Before the end of the year, 90 filling stations were operating in Slovakia under...
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The transformation of the automotive industry in Slovakia continues.
- 19.01.2024
- Services
- Automotive
- Business economics
Slovakia produced 1,080,000 vehicles last year, an increase of almost 100,000 vehicles compared to 2022. The forecast for next year is positive, with production expected to rise again in...
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Prospects for the Central European polymer market in 2024
What was 2023 like? In fact, it could have been worse. Fortunately, energy prices normalized, inflation began to decrease everywhere in Europe, and the economic downturn was not significant either. But the uncertainty and fear of recession remained with us. The general economic situation is slowly...
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Energy savings during vacuum extrusion in plastics production at Essentra Extrusion
Essentra Extrusion is a leading manufacturer of custom plastic profiles based in the Netherlands. However, they do not produce standard products, but offer clients a complete design and production...
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How to save an incredible 89% of energy during vacuum thermoforming?
Eczacibasi is a major Turkish industrial group whose main industries are construction products, healthcare and consumer goods. Its Vitra brand is one of the world's leading suppliers of bathroom and tiling solutions. Vitra's factory in Istanbul has a capacity of 350,000 manufactured bathtubs per...
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Rohlig SUUS Logistics acquires Joppa Logistics and sets its sights on further expansion
- 19.06.2023
- Services
- Business economics
Rohlig SUUS Logistics has announced the acquisition of Joppa Logistics, a Czech company specializing in warehousing services and road groupage transport. With this acquisition, SUUS will almost double its market share in the Czech Republic and solidify its position in Central and Eastern...
Business field radiation crosslinking: BGS with mixed development
BGS Beta-Gamma-Service GmbH & Co. KG, a specialised service provider for plastics processing for the automotive and electrical industries, among others, looks back on a mixed business year 2022 in the radiation crosslinking business segment: While the company still registered growth in the...
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Sales of injection molding machines in the Czech Republic and Slovakia in 2022
- 13.04.2023
- Business economics
- Injection molding machines
Since 2011, the PlasticPortal.eu® editors have been conducting an annual survey of the sale of injection molding machines in the Czech and Slovak...
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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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