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Investment

Cikautxo, a Spanish company specialising in plastic and rubber components for the automotive sector, is to receive a €26 million European Investment Bank (EIB) loan. Read more

The European Commission announced €36 million in investment aid for Korean chemical manufacturers LG Chem in Poland. The cash boost for a new electric vehicle battery factory in the country’s Dolnoślaskie region, was found to be in line with EU rules Read more

WEGU Slovakia s.r.o., a manufacturer of plastic components for the automotive industry and part of the WEGU Holding Group, has relocated its operations to a new production hall. Read more

Porsche has invested in US start-up 'Urgent.ly', which sees itself as the leading global platform for mobility and roadside assistance. Read more

Nouryon (formerly AkzoNobel Specialty Chemicals) has opened a new headquarters and research centre to support its existing Indian operations. Read more

Chemicals giant INEOS has selected Antwerp, Belgium as the location for its largest cracker investment in 20 years, describing the move as a 'game-changer' for the chemical sector. Read more

IPP Logipal, one of Europe’s leading poolers and manufacturers of wooden pallets, has invested more than £2.5 million in a new automated pallet inspection and repair service centre in Leicestershire, UK. Read more

The Fazer Group has announced its plans to invest €40 million into a new production facility in Lahti, Finland. Read more

Multinational flexible packaging producer Uflex is investing more than EUR 70m in a new plant in in Hungary, its second facility in Europe. The Hungarian government has said it will contribute EUR 8.7m in funding. Read more

The Swiss packaging company Hoffmann Neopac AG will begin production at its new $30.8M production facility early this year. Read more

UK-based technical knowledge-based compounder and recycler, Luxus, has installed a new £1.5m compounding line at its manufacturing facility based in Louth, Lincolnshire. Read more

The European Investment Bank (EIB) has granted a €250 million loan to support the construction of the Mermaid and Seastar wind farms off the Belgian coast. The total cost of the project will be around €1.3 billion. Read more

GKN Aerospace has revealed its plans for a new Global Technology Centre in Bristol, UK. Read more

French energy group Total and its Dutch partner Corbion have commenced production at their new bioplastics plant in Rayong, Thailand. Read more

The premium automotive brand Audi, owned by Germany’s Volkswagen, has announced it will be investing €14 billion up to 2023 in the areas of emobility, digitalisation and autonomous driving. Read more

Fiat Chrysler Automobiles (FCA) is set to invest €5bn up to 2021 on its Italian facilities, in order to meet increasing demand for SUVs and electric cars. Read more

Cargo handling solutions specialist Kalmar, part of Cargotec, has officially inaugurated its new Innovation Centre in Ljungby, southern Sweden. Read more

US-based Pickering, an electronics manufacturer, has announced it is expanding its operations in the Czech Republic by added a further 3000m2 capacity. Read more

Pryme Group, a Dundee-based provider of integrated manufacturing solutions for the oil & gas, aerospace and defence industries, has opened a new £10M state-of-the-art engineering services and manufacturing centre near Ryton, Tyne and Wear, UK. Read more

Jaguar Land Rover (JLR), the UK’s leading car manufacturer, will be establishing a new technical engineering office in Hungary to enable closer collaboration with its suppliers in central and eastern Europe. Read more

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