August 2022 The Bank Assets Management Company (BAMC) is selling a 100% equity stake together with its claims (EUR 9 million) towards the company MARIBORSKA LIVARNA MARIBOR d.d. (MLM). MLM is a manufacturer of different tools and mechanical-treated aluminum die-castings designed for the automotive, electrical, and machine industry. In 2020, the company had 398 employees and generated EUR 30.5 million in revenues (a quarter less than in 2019) and a net loss of EUR 2 million (a loss of EUR 600 thousand a year earlier). Six bidders were allegedly invited to the second round, including funds and…

Daw Benta plans EUR 15 million investment between 2023-2024

July 2022 The construction materials manufacturer Daw Benta, owned by Remus Aurel Benta and the German concern Daw SE, has an investment plan of 15 million euros for the next two years which involves doubling the production capacity for paints and plasters and also the construction of a logistics center.

Businessman Vladimir Cohn will Invest RON 1.4 billion in a Paper Production Unit in Giurgiu

June 2022 Entrepreneur Vladimir Cohn, known for his businesses in the paper manufacturing sector, has applied for a RON 185.4 million state aid, which would be part of a nearly RON 1.4 billion (EUR 285 million) investment in a new production unit. According to the list of selected funding requests registered under the state aid scheme, this is the biggest investment to be supported with state aid within this session.  

EMZ Hanauer Started Construction Works on a New Plant in Romania

June 2022 EMZ Hanauer, a German company that manufactures components for electrical household appliances started construction works on a plant in Reșita, Romania, at the beginning of August. The production unit will spread on 3,000 square meters, but the built-up space will be of 4,900 square meters as it will also contain offices, warehouses, and a canteen. The total investment in this project will amount to EUR 14.5 million, according to public data.

Knauf Insulation to Invest EUR 140 million in its Plant in Mures County

May 2022 Insulation materials manufacturer Knauf Insulation is to modernize the Gecsat mineral wool factory in Tarnaveni, Mures County, through a project worth nearly EUR 140 million, which it has requested EUR 18.2 million state aid for. The company had signed Gecsat’s takeover at the beginning of 2022, and the Competition Council approved the transaction in May.

Factory for the Production of Cables, Metals and Plastics, Sarajevo

March 2022 The construction of a factory for the production of cables, metals, and plastics in Sarajevo is a project of great economic importance for B&H since it is about improving the energy sector and the metal industry. The site for the production facility is in the industrial zone along the main road М5, only 10km from the Sarajevo Airport and 5 km from the A1 highway. The land for the factory covers an area of 10,000m². The project is being implemented by Elektro SEN d.o.o. which deals with the distribution, wholesale and retail of electrical installation materials and LED lighting.…

Gorenje to Sell its Subsidiaries

Gorenje is reportedly selling three subsidiaries that are not part of its core business of manufacturing and marketing household appliances: Gorenje GTI, Gorenje Keramike and the Croatian Kemis-Termoclean

Artificial Intelligence & Data Protection

Artificial intelligence (AI) is widely recognised as one of the defining industrial phenomena of the 21st century. In today’s technology-dependent world, its potential impact on business and economic development can hardly be understated.

Sale of Share in RAVNE PRESSES

The Slovenian Bank Assets Management Company is selling a 88,67% in RAVNE PRESSES, d.o.o., a manufacturer of high quality custom-made industrial hydraulic and mechanical presses for sheet metal forming with nominal force from 400 to 40,000 kN and with table length up to 8m.