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The European Steel Association, EUROFER, has said that it plans to raise concerns with the European Commission over the proposed rescue of British Steel by the Chinese industrial conglomerate Jingye that the deal may go against the bloc's... Read more

Leonardo is continuing its progress towards innovation in autonomous flight through investing in Skydweller Aero Inc., a US/Spanish start-up that specialises in large-scale solar-powered unmanned air systems. The company's push is towards the... Read more

Italian electrical appliances manufacturer Thermowatt has opened a new plant in Svilajnac, central Serbia, according to reports in the Serbian Monitor, which cited a statement from the Italian Embassy in Belgrade... Read more

China's Zijin Mining Group has agreed to acquire Freeport McMoran's Serbian copper and gold assets in a deal worth up to €350-million, the company said in a press release... Read more

German industrial conglomerate thyssenkrupp has announced plans to invest €250-million in its Marine Systems division, which builds warships and submarines... Read more

Toyota wants to increase the production of components for hybrid cars at its plants in Wałbrzych and Jelcz-Laskowice in Lower Silesia, Poland with local media reporting the decision was motivated by continued uncertainty over Brexit... Read more

Croatia is looking to persuade German auto giant Volkswagen to construct its planned €1.3-billion plant in the Balkan country following the car maker's suspension of a final decision about whether or not to build the factory in Turkey... Read more

Production has begun of the Ford Motor Company's Puma SUV- inspired compact crossover at its assembly facility in Craiova, Romania. To prepare for large scale production of the new vehicle, Ford initiated a process of hiring over 1,700 people over... Read more

Chinese chemical company Yanggu Huatai is to construct a new sulphur factory in Serbia. The total investment is around €30-million, according to reports by local media... Read more

Finnish stainless steel manufacturer Stalatube has inaugurated a new €7-million production facility in Lodz, central Poland. The new Polish subsidiary and production lines are set to improve competitiveness and significantly reduce delivery... Read more

The foundation stone for the Tiszaújváros polyol plant has been laid. The plant is expected to be commissioned in 2021. MOL will invest €1.2-billion on the plant's construction.  When complete it will be able to produce around 200,000 tonnes of... Read more

ProGlove, a major provider of industrial wearables, today announced a $40-million (€36.1-million) investment from global growth equity firm Summit Partners. The company plans to leverage this funding to expand its international footprint and... Read more

Swedish home appliance manufacturer Electrolux is to invest €100-million in it's Hungarian plant in Nyíregyháza, in the country's east as a means of increasing its products' competitiveness. At the same time, the company will be outsourcing its... Read more

Austria-based polyolefins, base chemicals, and fertilisers manufacturer Borealis AG has broken ground on a new, world-scale facility in Kallo, Belgium... Read more

Corvus Energy is pleased to announce that it has finalised an investment deal with Shell Ventures. The investment is a step towards Shell’s ambition to decrease the carbon footprint of the energy products they sell by around 20% by 2035 and by... Read more

The German government has approved a spending plan where €86-billion will be invested in the upgrade of the country's Deutsche Bahn rail network... Read more

Japanese auto parts manufacturer Toyo Tires has announced that it will open a new facility ion Indjija, Serbia. The total investment is over €390-million... Read more

3D printer manufacturer Formlabs is to open its first development centre outside the US in Hungary. The Boston-based company will invest 2-billion forints (€6.14-million) in the facility. Read more

German automotive giant Audi has announced that it will invest €126-million in its plant in Győr in western Hungary in order to increase production capacity... Read more

Forestry tech company CollectiveCrunch has announced the closure of a €600k funding round led by Finland’s Thominvest, bringing the company’s total funding to €1-million. Existing and new angel investors also participated to complete the round... Read more

  • Stalatube inaugurates new stainless steel facility in Lodz, Poland

  • Poland investment

  • EIB Headquarters

  • 511603038

    bodnarchuk Getty Images/iStockphoto

    511603038

    (iStockphoto) Biz06-gold-121516-iStock Closeup of big gold nugget, finance concept

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