Business economics - Current News Articles
Articles on Business economics. Daily updated information and news from the plastics industry.
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Mapro launches Haitian 5th generation injection moulding machines on the Czech and Slovak market
Mapro brings to the market in the Czech Republic and Slovakia top injection moulding machines of the 5th generation from the renowned manufacturer Haitian. These machines not only meet specific customer needs, but also offer smart technologies and solutions at unbeatable...
MOL Group recorded good performance in Q1 despite challenging external conditions
- 23.05.2024
- Latest News
- Automotive
- Business economics
MOL Group announced its financial results for the first quarter of 2024. MOL Group achieved a pre-tax profit of EUR 382 million in the first quarter of 2024. This was in the context of continued government intervention, planned shutdowns at Downstream, the adverse impact of lower gas prices in...
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MOL Group wants to achieve carbon neutrality with its smart transformation
MOL Group has updated its long-term strategy SHAPE TOMORROW. The goal is a greener, more self-sufficient and competitive...
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Sales of injection molding machines in the Czech Republic and Slovakia in 2023
Since 2011, the PlasticPortal.eu® editors have been conducting an annual survey of the sale of injection molding machines in the Czech and Slovak...
German plastics industry faces worst economic crisis in history
- 30.04.2024
- Latest News
- Business economics
Plastics Europe, the European association of plastics converters, has informed the trade on the state of plastics production in Germany for...
MOL Group expands its consumer services portfolio in Poland
MOL Group will produce 1,600 tonnes of green hydrogen per year using electricity from renewable sources. This will reduce the Duna refinery's carbon dioxide emissions by 25,000 tonnes.With the introduction of this technology, MOL Group has taken an important step towards carbon neutrality and...
Successful acquisition: SPUR a.s. expands to Olomouc
On Friday, 1 March, the Zlín-based company SPUR a.s. completed another successful acquisition after officially taking over the operation of the recycling part of JELÍNEK-TRADING spol. s.r.o. in Křelov-Břuchotín in the Olomouc region. The newly established company is called SPUR plastic recycling...
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ORLEN has launched mobile app with loyalty programme
The ORLEN filling station network has launched a mobile app that offers customers benefits such as a loyalty programme and navigation to the selected petrol station. Customers can use the ORLEN app to earn points for payments when purchasing fuel, goods and services at full and self-service petrol...
Duslo a.s. received EUR 58 million from the Modernisation Fund for the production of green hydrogen
- 07.03.2024
- Latest News
- Business economics
One of the companies that received 58 million euros from the Modernization Fund for the production of green hydrogen is Duslo a.s. In this context, the Deputy Prime Minister and Minister of Environment of the Slovak Republic Tomáš Taraba visited the plant in Šali and handed over contracts to its...
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ORLEN expands its fuel station network in Europe
Following the acquisitions in Austria, Germany, Slovakia and Hungary, ORLEN's station count has surged by almost a third over the past year. The Group is currently finalising the purchase of more than 60 service stations in...
What will 2024 look like for the EU funds?
- 04.03.2024
- Latest News
- Business economics
After a year full of doubts, 2024 finally looks like a year of progress for businesses. Upcoming calls from the Slovakia Programme, the Modernisation Fund or the Recovery Plan aim to improve the business environment and continue Slovakia's green...
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ORLEN has doubled the number of stations in Slovakia. Next year it will launch a mobile app and start building an electric vehicle infrastructure
ORLEN's international network of filling stations in Slovakia is growing rapidly. This year, it has almost doubled the number of its stations and completed the process of unifying the labelling of its fuel stations. Before the end of the year, 90 filling stations were operating in Slovakia under...
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The transformation of the automotive industry in Slovakia continues.
- 19.01.2024
- Services
- Automotive
- Business economics
Slovakia produced 1,080,000 vehicles last year, an increase of almost 100,000 vehicles compared to 2022. The forecast for next year is positive, with production expected to rise again in...
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Prospects for the Central European polymer market in 2024
What was 2023 like? In fact, it could have been worse. Fortunately, energy prices normalized, inflation began to decrease everywhere in Europe, and the economic downturn was not significant either. But the uncertainty and fear of recession remained with us. The general economic situation is slowly...
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Energy savings during vacuum extrusion in plastics production at Essentra Extrusion
Essentra Extrusion is a leading manufacturer of custom plastic profiles based in the Netherlands. However, they do not produce standard products, but offer clients a complete design and production...
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How to save an incredible 89% of energy during vacuum thermoforming?
Eczacibasi is a major Turkish industrial group whose main industries are construction products, healthcare and consumer goods. Its Vitra brand is one of the world's leading suppliers of bathroom and tiling solutions. Vitra's factory in Istanbul has a capacity of 350,000 manufactured bathtubs per...
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Rohlig SUUS Logistics acquires Joppa Logistics and sets its sights on further expansion
- 19.06.2023
- Services
- Business economics
Rohlig SUUS Logistics has announced the acquisition of Joppa Logistics, a Czech company specializing in warehousing services and road groupage transport. With this acquisition, SUUS will almost double its market share in the Czech Republic and solidify its position in Central and Eastern...
Business field radiation crosslinking: BGS with mixed development
BGS Beta-Gamma-Service GmbH & Co. KG, a specialised service provider for plastics processing for the automotive and electrical industries, among others, looks back on a mixed business year 2022 in the radiation crosslinking business segment: While the company still registered growth in the...
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Sales of injection molding machines in the Czech Republic and Slovakia in 2022
- 13.04.2023
- Business economics
- Injection molding machines
Since 2011, the PlasticPortal.eu® editors have been conducting an annual survey of the sale of injection molding machines in the Czech and Slovak...
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The WITTMANN Group looks into the future with optimism
For the WITTMANN Group, the fiscal year 2022 was characterized on the one hand by a high order intake, which was well above average especially during the first half of the year. On the other hand, the tight situation regarding the supply of purchased parts, in particular electronic components,...
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Jevons paradox and JSW injection moulding machines
Plastic producers in the Czech and Slovak Republics are under enormous pressure. Inlection moulding plants are caught in the grip of technological conditions, when it is no longer possible to reduce costs with technology and the price of inputs goes against the trend of cost reduction. The price of...
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ORLEN expands network of filling stations in Europe
- 07.12.2022
- Suppliers of raw materials
- Business economics
The international ORLEN Group, which operates the ORLEN Benzina network of filling stations in Czechia, is significantly expanding in Hungary and Slovakia. The ORLEN Group entered Hungary because of the corrective measures related to its acquisition of Grupa LOTOS and an agreement with the MOL...
Salary benchmarking of AHK Slovakia
- 06.12.2022
- Latest News
- Events
- Business economics
After the corona crisis, the Slovak economy faces high energy prices, disruption of supply chains and sharp price growth. The National Bank of Slovakia expects that next year will be even more challenging than the current one. According to her prediction, real wages will decrease, inflation could...
Slovnaft: The Government of Slovakia threatens Slovakia's energy security
- 02.12.2022
- Latest News
- Business economics
Slovnaft takes note of Wednesday's decision of the Government of the Slovak Republic on the introduction of a solidarity contribution in the amount of 70%. However, we perceive a more than two-fold increase in the rate compared to the EU Council's recommendation, which is at the level of 33%, as...
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The results of the MOL Group in the 3rd quarter were positively affected by oil extraction and processing
- 14.11.2022
- Suppliers of raw materials
- Business economics
MOL Group reported today its financial results for the third quarter of 2022. Thanks to strong results in the Upstream and Downstream divisions, supported by macroeconomic factors, the MOL Group achieved a net CCS EBITDA of USD 1449 million in the third quarter of...
Slovnaft started full operation after planned shutdowns
- 04.08.2022
- Latest News
- Business economics
Bratislava refinery of SLOVNAFT, a.s. after more than two months of planned shutdowns, it started full operation and its production is available as standard for the domestic and foreign...
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Slovnaft to modernise and expand polypropylene production in Bratislava refinery investing up to EUR 63 million
- 14.06.2022
- Suppliers of raw materials
- Business economics
Slovnaft invests EUR 63 million in the expansion and modernisation of polypropylene production. The investment, will increase production capacity and reduce emissions. Linde Engineering, a renowned German company, is the contractor for the comprehensive reconstruction of the existing PP3 production...
SPUR a.s . - A successful acquisition of the company MEGAT - výroba z plastů Zlín spol. Ltd.
The plastics company SPUR has grown by another company. At the beginning of February, the company SPUR acquired a 100% share of the company MEGAT - výroba z plastov Zlín spol. s.r.o., producing plastic profiles. Thanks to the acquisition, the family company will expand production capacities for...
The government has approved a proposal for a levy on non-recycled plastic waste, the rate per kilogram will be uniform
- 31.05.2022
- Latest News
- Business economics
The Cabinet approved the European Union's (EU) own resource management system based on non-recycled plastic packaging waste. The system is intended to motivate states to reduce the amount of plastic packaging...
MOL Group is donating technical equipment to Ukraine to support the stable operation of the Ukrainian energy network
- 25.05.2022
- Latest News
- Business economics
MOL Group is in solidarity with the Ukrainian energy sector during the war and provides support in the form of facilities for the stable and safe operation of the Ukrainian energy sector network. MOL has so far offered equipment worth a total of EUR 290,000, of which the Ukrainian side has...
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