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TeraPlast fully owns Wetterbest

An important business move marked the final stage towards full ownership between the TeraPlast Group and the Wetterbest company. The Romanian plastic products manufacturer (TeraPlast Group) successfully completed the necessary steps to acquire the remaining 1% interest in Wetterbest, a local roof systems manufacturer. The acquisition started back in 2017, with Teraplast owning 67% of […]

Volkswagen plants to use eco-electricity

Officials at Volkswagen intend to increase the use of renewable energy in their vehicle production and assembly plants. Volkswagen’s Brand Board of Management Member for Production, Andreas Tostmann has announced the company will increase the use of eco-electricity from 70% to 90% in 2020. The company is making continuous progress towards the target-year 2050, when […]

Ukraine to benefit from port terminal deal

QTerminals (Qatar) has won a concession tender in the Black Sea Port of Olvia (Ukraine), which will result in a considerable investment. Over the next five years, Ukraine will receive an investment of 140 million USD (127 million EUR) from QTerminals, as well as an yearly fee of 3.3 million USD (2.99 million EUR), making […]

Work starts on Bulgarian logistics site

Cordeel Bulgaria, a local variant of the Belgium-based Cordeel Group, started construction on a logistics complex and office site in the country’s capital-city of Sofia. Having a price tag of 52 million BGN (25,58 million EUR), the new facility will spread across 57,000 sqm, which includes 32,000 sqm of storage space and 4,500 sqm of […]

Romanian market ready for new Kärcher investment

The German group Kärcher in ready to build a second factory in Romania, after announcing plans to invest several million EUR in this project. With a focus on building vacuum cleaners, Kärcher already has a presence on the Romanian market, thanks to its factory in Curtea de Argeș (a city near Pitești and approximately 153 […]