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* CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < TeraPlast Group Strengthens Presence in Flexible Packaging with 70% Acquisition of Optiplast in Croatia > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < Mondi Enhances Sustainable Packaging Production with New Extrusion Line at Štětí Facility > < Nokian Tyres Opens World's First Zero CO2 Emission Tyre Factory in Oradea, Romania > < South Korea's Largest Food Company to Build First Factory in Central Europe, Located in Hungary > < BMW Begins Pre-Series Production of Neue Klasse in Hungary, Paving the Way for Electric Innovation > < Vetropack Completes €60 Million Furnace Upgrade in Croatia, Setting New Industry Standards > < DP World Invests €130 Million to Boost Romania’s Port and Logistics Infrastructure > < PalletBiz Romania Unveils State-of-the-Art Production Facility in Prejmer > < Arctic Paper Expands Renewable Energy Portfolio with 4 MW Solar Park Acquisition in Poland > < Y Soft Secures €30 Million EIB Investment to Advance Office Automation Technologies > < Poland: The Emerging Logistics Hub of Central and Eastern Europe (CEE) > < ArcelorMittal Poland Invests PLN 100M in Hydrogen Plant to Boost Krakow Steel Operations > < Shape Robotics Expands Romanian Distribution Network with Strategic Ingram Micro Partnership > < Poland Ranks as Europe's Second Most Active Industrial Market in 2024 > < PepsiCo Launches 3.5-MW Solar Farm in Poland, Powering Sustainability Goals > < Czech Companies Embrace Advanced Technologies to Drive Production Efficiency > < Poland Solidifies Its Status as a Global Poultry Export Leader > < Toyota Unveils Largest Logistics Hub in Europe in Czech Town Kolín > < CATL's Debrecen Battery Plant Set for 2025 Launch, Driving Europe's Green Transition > < Slovenia to Invest Up to €40 Million in Production of New Renault e-Twingo > < Lockheed Martin to Establish €50 Million Electrolyte Factory in Romania > < Michelin Shifts Jobs from UK to Romania and Poland as Part of European Restructuring > Skanska to Modernize Railway in the Czech Republic > Compal Electronics to Establish Manufacturing Plant in Poland > SCM Announces the Launch of SCM Adria Subsidiary in Slovenia > Japan's Toppan Begins Construction on New Czech Republic Plant > Arburg Expands Footprint in South Eastern Europe with New Romanian Subsidiary > Josera to Hire 100 Employees for New Pet Food Factory in Poland > Žito Completes EUR 9 Million Renovation of Maribor Bakery > Valmet to Deliver New Production Line to Velvet CARE Paper Mill in Poland > Czech Pet Food Group Revamps Nordic-Inspired Dog Food Brand Packaging > Grove All-Terrain Crane Enhances Karmax Fleet in Poland > Maxcess Expands Manufacturing with New Facility in Poland > Onsemi Announces $2 Billion Expansion of Chip Production Facility in Czechia > Sinoboom to Manufacture MEWPs in Poland for European Market > EBRD Commits €25 Million to V4C Poland Plus Fund II > Nearshoring to Poland and Other CEE Countries: A Strategic Move for European Businesses > Koskisen Expands Kore Business in Poland with EUR 3 Million Investment > Onsemi Commits $2 Billion to Expand Czech Republic Semiconductor Facility > Crane ChemPharma & Energy Expands to Arad with New Lease in Industra Park > VW-Backed Gotion and InoBat to Establish EV Battery Plant in Slovakia > Wacker Chemie AG Begins Construction of New Silicone Production Facility in Czech Republic > ... 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CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < TeraPlast Group Strengthens Presence in Flexible Packaging with 70% Acquisition of Optiplast in Croatia > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < Mondi Enhances Sustainable Packaging Production with New Extrusion Line at Štětí Facility > < Nokian Tyres Opens World's First Zero CO2 Emission Tyre Factory in Oradea, Romania > < South Korea's Largest Food Company to Build First Factory in Central Europe, Located in Hungary > < BMW Begins Pre-Series Production of Neue Klasse in Hungary, Paving the Way for Electric Innovation > < Vetropack Completes €60 Million Furnace Upgrade in Croatia, Setting New Industry Standards > < DP World Invests €130 Million to Boost Romania’s Port and Logistics Infrastructure > < PalletBiz Romania Unveils State-of-the-Art Production Facility in Prejmer > < Arctic Paper Expands Renewable Energy Portfolio with 4 MW Solar Park Acquisition in Poland > < Y Soft Secures €30 Million EIB Investment to Advance Office Automation Technologies > < Poland: The Emerging Logistics Hub of Central and Eastern Europe (CEE) > < ArcelorMittal Poland Invests PLN 100M in Hydrogen Plant to Boost Krakow Steel Operations > < Shape Robotics Expands Romanian Distribution Network with Strategic Ingram Micro Partnership > < Poland Ranks as Europe's Second Most Active Industrial Market in 2024 > < PepsiCo Launches 3.5-MW Solar Farm in Poland, Powering Sustainability Goals > < Czech Companies Embrace Advanced Technologies to Drive Production Efficiency > < Poland Solidifies Its Status as a Global Poultry Export Leader > < Toyota Unveils Largest Logistics Hub in Europe in Czech Town Kolín > < CATL's Debrecen Battery Plant Set for 2025 Launch, Driving Europe's Green Transition > < Slovenia to Invest Up to €40 Million in Production of New Renault e-Twingo > < Lockheed Martin to Establish €50 Million Electrolyte Factory in Romania > < Michelin Shifts Jobs from UK to Romania and Poland as Part of European Restructuring > <

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South Korean Neowiz Invests $17M in Polish Game Studio Blank, Bolstering Central European Gaming Sector

2023-11-29 00:00:00

The South Korean gaming giant Neowiz has made a strategic investment in the Polish game development scene by acquiring a substantial stake in the emerging studio Blank for USD 17 million.

This investment places Blank's valuation at approximately PLN 330 million (EUR 75 million). Blank, recognized for its team of experienced professionals, including ex-members of CD Projekt RED, is in the process of creating its first game, provisionally titled Rh+.

Reported by Puls Biznesu, Neowiz's investment is perceived as a tactical initiative to amplify its global footprint in the gaming sector. This move comes at a time when the industry is navigating through various challenges, such as lower company valuations and funding hurdles. Nevertheless, Neowiz's decision signals strong confidence in Blank's capabilities and future prospects.

Currently, Blank has a dedicated team of 16 employees and is looking forward to expanding its workforce. This acquisition by Neowiz marks a significant moment in the gaming industry, which is currently experiencing cautious market conditions and production challenges.

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