Business economics - Current News Articles - page 4
Articles on Business economics. Daily updated information and news from the plastics industry.
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Polykemi Group increases the efforts in China
- 06.07.2020
- Suppliers of raw materials
- Business economics
Polykemi Compounds in Kunshan, China has recently finished their third factory building. This gives the company the possibility to install at least five additional extruding lines, that would increase the production capacity by more than 10 000 tonnes per...
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MOL Group reported a net loss of $ 152 million in the first quarter
- 12.06.2020
- Suppliers of raw materials
- Business economics
MOL Group announced financial results for the first quarter of 2020. Extensive losses from inventories and foreign exchange transactions resulted in MOL reporting a net loss of $ 152 million. This is the first manifestation of a pandemic...
Foxconn Slovakia resumed production after Easter
- 15.04.2020
- Latest News
- Business economics
Leading producer of consumer electronics, Foxconn Slovakia spol. Ltd. Nitra, after a temporary shutdown, resumed production on the date as planned, ie from April 14, 2020. The range of production is promptly adjusted according to current...
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The MOL Group guarantees a secure supply when optimized production and financial measures are taken
- 14.04.2020
- Suppliers of raw materials
- Business economics
The MOL Group has put in place measures that mitigate the impact of the current situation on the Group and allow the MOL to emerge stronger from this crisis. The MOL Group focuses on protecting the health and safety of its employees, minimizing the spread of COVID-19 through operations, and...
MOL Norge has discovered new crude oil and gas deposits in the North Sea
- 08.04.2020
- Latest News
- Business economics
MOL Norge and its partners have discovered crude oil and gas deposits in an offshore exploration area about 200 km west of Stavanger. Location in this part of the North Sea belongs to Norway. MOL Norge AS is a subsidiary of the MOL...
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World innovation leaders advise small and medium for businesses in crisis: Digitize and innovate
- 07.04.2020
- Services
- Smart factory
- Business economics
Through social networks, SOVA Digital has contacted dozens of global innovation leaders and asked them what SMEs should do in a time of coronary crisis. The addressed specialists offered advice on how to deal with the crisis and how businesses could emerge from...
Hyundai will start in Nošovice for two shifts after the resumption of production
- 07.04.2020
- Latest News
- Automotive
- Business economics
The Hyundai car factory in Nošovice will initially operate in two shifts instead of the usual three after the restart of...
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How to sell successfully company in the plastics industries
- 20.03.2020
- Services
- Business economics
When is it advantageous to sell a business or how to timely sell a business? Several factors affect the success of a business. Like owners selling a business, investors want to make a good and profitable business. This often means that the willingness of investors is greater in the growth phase of...
Response to the suspension of VW production and other European car manufacturers
- 17.03.2020
- Latest News
- Business economics
In connection with the decision of European automakers to temporarily suspend production, we publish a comment by Zdeněk Petzl, Executive Director of the Automotive Industry...
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The MOL Group's 2019 profit exceeded the updated full-year outlook
- 28.02.2020
- Suppliers of raw materials
- Business economics
The MOL Group reported its 2019 results. Despite the challenges and volatility of the external environment at the end of the year, the MOL Group achieved a cleaned CCS EBITDA of $ 598 million in the fourth quarter. Adjusted CCS EBITDA for the full year is $ 2.44 billion, outperforming the recently...
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Exact Systems Slovakia s.r.o. was awarded for economic results
- 10.02.2020
- Services
- Business economics
- Awards
The award is given by the Slovak Information and Marketing Company to companies that meet demanding conditions of solvency and fulfillment of obligations towards clients and...
Opportunities of obtaining grants in the Slovak Republic
- 24.01.2020
- Latest News
- Business economics
News overview - January...
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Final investment decision on the Rijeka Refinery Residue upgrade project
- 09.01.2020
- Suppliers of raw materials
- Business economics
INA Supervisory Board granted its prior agreement for the Rijeka Refinery Residue Upgrade project and the INA Management Board unanimously approved the investment. The decision was supported both by the Croatian Government and by MOL, the two major shareholders of...
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MOL Group upgrades 2019 guidance after robust Q3 results
- 20.11.2019
- Suppliers of raw materials
- Business economics
MOL Group announced its financial results for the third quarter of 2019. Despite a weaker macro environment and much lower oil and gas prices, strong Q3 EBITDA allows MOL Group to raise 2019 full year guidance to „around USD 2.4 bn” from „around USD 2.3...
MOL Group has announced a new investment into propylene production
A new Olefins Conversion Technology (OCT) Unit will be built at MOL Petrochemicals' site in Tiszaújváros. The unit will have a production capacity of 100,000 MTA of polymer grade propylene. The project is expected to be completed in...
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The success story continues - a strong first half year of 2019 for Polykemi AB
- 10.09.2019
- Suppliers of raw materials
- Business economics
After several years with strong growth, Polykemi AB continues to deliver very strong results. During the first half of 2019, the company has gained 71 new businesses. We actually are at all time high levels and are so pleased to be able to keep on delivering that kind of figures, informs Mr Mattias...
The MOL Group is well on track to meet or exceed its full-year target estimate
- 12.08.2019
- Latest News
- Business economics
The MOL Group reported its financial results for the first half of 2019. In the first six months, the MOL Group achieved EBIDTA of EUR 1.15 billion. USD, which is exactly half of the target estimate for...
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K 2019: ENGEL celebrates 30 years of tie-bar-less technology
When it comes to the unparalleled success story of ENGEL’s tie-bar-less technology, the numbers speak for themselves, with more than 70,000 machines in the hands of around 10,000 customers. It was first released 30 years ago at the K show in 1989 and is currently enjoying a true resurgence. ENGEL’s...
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Excellent innovative strength and innovative achievements: BGS is TOP 100 Innovator
- 09.07.2019
- Machinery & Equipment
- Business economics
In the 26th edition of the innovation competition TOP 100, BGS Beta-Gamma-Service GmbH & Co. KG has secured its position among the best: At the awards ceremony held on June 28 in the Frankfurt Jahrhunderthalle, the company was officially honoured for its innovative strength by Ranga Yogeshwar, the...
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MOL Group delivered over USD 500mn EBITDA in the first quarter of 2019
- 10.06.2019
- Suppliers of raw materials
- Business economics
MOL Group announced the first quarter of 2019 financial results in Budapest. In the first quarter, EBITDA was in line with the annual plan of over USD 500mn. Upstream division EBITDA remained unchanged at 283 million euros. USD. Downstream Net CCS EBITDA decreased to USD 138mn. Customer Service...
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ENGEL ends fiscal year with growth
- 07.06.2019
- Machinery & Equipment
- Business economics
The ENGEL Group saw out the 2018/19 fiscal year, which closed at the end of March, with a turnover of €1.6 billion. The injection moulding machine manufacturer and systems solutions provider headquartered in Schwertberg, Austria, once again raised its sales, achieving a 6% increase over the...
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Another record year for DESMA, the company is preparing for further expansion
The special machines manufacturer DESMA with a niche segment in injection moulding machines for elastomer mould rubber and metal components finished FY18 with a revenue of €118 million (as compared to €100 million in the previous year) marking its best fiscal year to...
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MOL’s 2019 Annual General Meeting Approves HUF 107 Billion Dividend
MOL Plc. held a successful Annual General Meeting in Budapest. The General Meeting accepted the Board’s proposal for the distribution of profits through a dividend payment of HUF 107 bn, a significant increase compared to last year. Shareholders approved the report of the Board of Directors...
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MOL Group 2018 Results: Highest EBITDA since 2011
- 11.03.2019
- Suppliers of raw materials
- Business economics
MOL Group announced its financial results for 2018. MOL increased its EBITDA by 10% comfortably beating its upgraded 2018 target as Upstream and Consumer Services continued to significantly increase their contributions, while a strong internal performance in Downstream partly offset the weakening...
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Company CHODOS CHODOV s.r.o. launched an educational project named Family Company
- 30.01.2019
- Machinery & Equipment
- Business economics
- Extrusion
Given the current labor market situation in the Czech Republic and the declining interest of students about apprenticeship and craft industries, CHODOS CHODOV s.r.o. has decided, in cooperation with selected primary and secondary schools in the region, to launch an innovative FAMILY COMPANY...
Quarterly analysis of Czech construction 2018 in full version
- 17.12.2018
- Latest News
- Business economics
The quaternical analysis provides the latest information on how the Czech construction industry will develop further and what will be key to its further direction, according to directors of large, medium and small construction...
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Fakuma 2018: ENGEL continues to grow in DACH countries and Asia
ENGEL AUSTRIA can present itself in good spirits at Fakuma 2018. The injection moulding machine manufacturer and system solutions provider is expected to experience further moderate growth for the current fiscal year, even despite the strong growth of recent years shifting to a sideways movement...
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ENGEL appoints Regional Sales Presidents
- 24.10.2018
- Machinery & Equipment
- Business economics
With the further development of its worldwide sales structure, ENGEL continues to strengthen its customer proximity. The 30 subsidiaries and more than 60 representations worldwide have been consolidated into seven regions, with a Regional Sales President appointed to each. Effective immediately,...
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About the Polyol project is decided, the MOL Group has entered into a contract for engineering, purchasing and construction with thyssenkrupp
- 26.09.2018
- Suppliers of raw materials
- Business economics
The MOL Group has achieved another milestone in a strategic petrochemical project when EPC has concluded contracts with thyssenkrupp Industrial Solutions to implement the polyetherpolyol production...
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Volkswagen Slovakia grew in 2017
- 14.09.2018
- Plastics Processing
- Automotive
- Business economics
The Bratislava plant grew not only by its size, but the product portfolio also grew and the number of employees reached a record high. Volkswagen Slovakia has confirmed the position of the largest vehicle manufacturer and a private employer in...
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