France's Saint-Gobain has agreed to sell its regional glass processing business Baltiklaas OÜ in Estonia to Polar Glass OÜ, a subsidiary of Estonian timber firm Barrus AS. The sale is part of the company's strategy to focus on its core businesses. Baltiklaas OÜ employs more than 200 people across two sites, located in Tartu and Mäo, with sales...

The German company Jungheinrich will build a factory for the production of forklift trucks in Chomutov. About 350 people will find work in it. Construction will begin next year. Production is expected to start in 2023. The project budget is approximately 60 million euros which is approximately 1.5 billion crowns. Martin Koudelka from the company’s marketing...

The MECS-Amaplast statistical studies centre has shown a double digit growth in the Italian plastics and rubber processing machinery, equipment, and moulds industry. Exports are also boosting the balance of trade with an expected return to a value on the order of 3 billion euros.  In addition, 8 of Italy's top 10 export destination countries account for...

The Russian DIY and building materials chain Petrovich has increased its net sales in the year 2020 by 23.07 per cent to RUB 73.5 bn (EUR 810 mio). According to the market research company Infoline, this makes the trading company the fastest growing and largest domestic DIY retailer in the country. Petrovich currently operates 20 stores. This growth can be attributed...

Saudi Arabian oil company Aramco expands European downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. Saudi Arabian oil company Aramco is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. The company has agreed to acquire...