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Knauf Insulation, part of the globally renowned Knauf Group, has officially started operations at its state-of-the-art glass mineral wool factory in Târnăveni, Romania. With an investment of over €140 million, this facility is a key milestone in Knauf’s strategic growth and reinforces its position as a trusted business partner in Central Eastern...
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Novo Nordisk, a global leader in healthcare and pharmaceuticals, has finalized the acquisition of Novavax’s biologics manufacturing facility in Bohumil, Czech Republic, for $200 million. The deal, completed on December 30, 2024, underscores Novo Nordisk’s commitment to expanding its global manufacturing capabilities and further establishes the Czech...
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Poland has firmly established itself as a major business partner in Central Eastern Europe (CEE) within the dairy industry, ranking as the fifth-largest cheese producer in the European Union, according to Eurostat. With production steadily increasing over the past decade, Poland continues to play a pivotal role in the EU’s thriving cheese market.
Poland's...
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Kingfisher, the British DIY retail giant, has announced the sale of Brico Dépôt Romania to Altex Romania, the country’s leading electronics and home appliances retailer. This strategic move underscores the evolving retail landscape in Central Eastern Europe (CEE), as companies recalibrate their market positions to focus on core strengths and...
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Hitachi Energy is making a transformative investment of over 1.1 billion CZK (approximately $47 million USD) to expand its High Voltage Products factory in Brno, Czech Republic. This initiative is a pivotal part of the company’s global strategy to support the clean energy transition and is expected to significantly boost production capacity, efficiency,...
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German-based Krempel, a leading manufacturer of electrical insulation and electronic materials, has officially inaugurated a state-of-the-art slitting and logistics hub in Slavonski Brod, located in eastern Croatia. This strategic expansion is a key component of the company’s initiative to optimize its European supply chain and enhance operational efficiency.
Strategic...
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U.S.-based investment advisory firm Brandes Investment Partners has expanded its ownership in Slovenia’s leading financial institution, Nova Ljubljanska Banka (NLB). The firm crossed the 5% ownership threshold on December 3, according to a filing by NLB to the Ljubljana Stock Exchange. Details regarding the specific transaction were not disclosed.
NLB’s...
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Between 2020 and 2023, global confectionery exports grew by an impressive 41%, reaching a total value of USD 122.7 billion in 2023. Projections indicate that this figure will climb to over USD 189 billion by 2029. Amid this growth, Poland has established itself as a leading player, ranking 5th globally in chocolate confectionery exports with a 6.2% market share.
Poland’s...
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Austrian crane manufacturer Palfinger is set to invest €70 million ($74 million) in the construction of a cutting-edge production plant in Ormoz, northeastern Slovenia. The Slovenian economy ministry announced the development following the signing of a memorandum of understanding between Palfinger, the ministry, and the municipality of Ormoz on Wednesday.
Details...
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FedEx Corp, a leading US-based express transportation company, has expanded its footprint in Central and Eastern Europe with the opening of a new logistics facility in Plzeň, Czech Republic. This move is aimed at meeting the rising demand for e-commerce logistics and supporting local manufacturing in the region.
Key Features of the New Facility
The Plzeň...
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