SLOVAKIA > Canada based Magna Mirror relocated its existing manufacturing factory in Nove mesto nad Vahom to a larger facility investing additional $30 million

Magna logo Due to business growth, Magna Mirror has relocated to a larger facility investing $30 million and creating additional 150 new jobs. The new investment will go primarily to refurbish the building and install a new automated paint line. Almost twice the size of the existing facility, the new factory will be 27,820 square meters. Magna is already serving its customers More …

USA > Germany based Siemens and Chromalloy to create JV headquartered in Hillsborough County, Tampa, USA investing $139 million

Siemens logo Advanced Airfoil Components, the new joint venture of Germany based Siemens and Chromalloy Gas Turbine Corporation, is essentially a manufacturing facility for producing components that will maximize gas turbine performance. The joint venture is set to create 350 new jobs that will mostly comprise of a range of skilled positions such as technical engineers, manufacturing technicians and production workers. The More …

NORWAY > France based Saint-Gobain finalizes acquisition of Glava

Saint Gobain logo After receiving permission from the Norwegian Competition Authority, Saint- Gobain has announced that it has been holding exclusive talks with the founding families and shareholders of Glava. Glava is one of the market leading companies in the insulation market in Norway and has reported sales of over  €140 million ($185.5 million) in 2016. Glava has two glass wool plants in More …

SPAIN > US based multinational Jabil opens a technology center and a new production plant in Catalonia

Jabil logo Jabil opened its new facilities in Tortosa and Aldea (Baix Ebre), Spain. The facilities specialize in packaging production for the food and beverage industry and is expected to create 80 new jobs in the medium term. The new facility in Aldea includes new technological center (1,000 square meters), a new mould and die plant (3,500 square meter) and a new More …

GERMANY > Turkey based Pasabahce opens showroom in Schwanenhöfe, Düsseldorf, Germany

pasabahce_logo_1 Known for products that make a difference, Pasabahce opens a 300 square meter showroom in Schwanenhöfe, Düsseldorf, Germany. This showroom will also serve as a new base for Pasabahce in North Europe and will be displaying products such as the company’s mass produced and handmade products for the retail and hospitality industries, its unique product range within the “Nude” range (global More …

SWITZERLAND > US based Philip Morris invests more than 30 million francs ($31.4 million) in Neuchâtel, Switzerland

philip-morris-international-logo Philip Morris International is investing 30 million francs ($31.4 million)  for installing two new high- tech production lines and R&D site in Neuchâtel, Switzerland for producing HEETS tobacco sticks that is used for the IGOS (I Quit Ordinary Smoking). Already produced in a small quantity in Switzerland, the smokeless product heats the tobacco instead of burning the tobacco. Developed at More …

USA > Luxembourg based SAF Holland to invest US$ 4 million in southeast Arkansas

safholland photoshop SAF-HOLLAND, a Luxembourg based chassis related system company, is set to open a new facility in Southeastern Arkansas in the old Federal Mogul building in Dumas hiring 65 new employees. The company is known for making chassis related systems for trailers, trucks, buses, and recreational vehicles. The Dumas plant has been producing trailer suspensions since 1988 and is currently employs More …

NEPAL > Chinese Hongshi Holding Group invests $ 251 million to open a cement factory in Nepal

hongshi logo photoshop Honshi Holding Group invests $ 251 million to form a joint venture with Nepali cement company Shivam Cement to establish a cement factory to produce 6,000 tons per day and will ultimately upgrade it to 12,000 tons per day. Jointly known as the Hongshi Shivam cement, the total investment will be $359 million and is expected to start operation within More …