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south-east european

INDUSTRIAL MARKET

24

SEE BUSINESS

SEE

NEWS

MEP Teknik to exhibit at ITF

Plovdiv 2017

MEP Teknik will take part for a consecutive year

in the upcoming edition of the International Techni-

cal Fair, which will take place between September

25 - 30 2017 in Plovdiv, informs the company.

At its stand (A1 in Hall 14) MEP Teknik will

present the products it offers in the field of indus-

trial painting - specially developed infrared systems

for polymerization and drying, as well as advanced

heat cleaning furnaces.

"Stricter environmental regulations and require-

ments for improved working conditions, as well as

customers' demands for high quality processes,

impose the implementation of this heat cleaning

technology more and more. In addition to extreme-

ly low operating costs, the method has a number

of advantages - it does not pollute the environment

and does not create health risks for the workers.

Moreover, the furnaces are highly reliable thanks

to a secure protection system and a variety of pro-

grams for different paint coatings and metal thick-

ness," explain the experts from MEP Teknik.

The Macedonian industry

discussed the proposed

regulation for industrial

emissions

The Metallurgy Association in Macedonia orga-

nized a meeting in the country's Economic Chamber

which brought together representatives of the indus-

try. The aim of the meeting was to discuss the pro-

posed regulation for industrial emissions. The mem-

bers of the bigger manufacturing and energy com-

panies in Macedonia presented their pre-prepared

remarks and suggestions on the regulation.

The legal text, submitted to the industry for dis-

cussion, has to be adjusted to the current situation in

the business sector, the company representatives

agreed. Their remarks on the proposed document

referred to the need of clarifying all definitions and

their harmonization with the other definitions of the

national legislation, the questions related to the best

available technologies and the period of transition

that is asked to be extended from 4 to 9 years.

All the remarks and suggestions presented at

the industry meeting will be systematized and de-

livered to the Ministry of environment and physical

planning for review.

SEE Business

Teklas to expand its business in

Bulgaria

The European Bank for Reconstruction and De-

velopment announced it was going to provide a

EUR 20 million loan to the Bulgarian subsidiary of

Teklas Kaucuk, based in Kardzhali. Teklas is a

Turkish manufacturer of fluid circulation systems

and anti-vibration parts for automotive applications.

The investment project will support the company's

further expansion in Bulgaria after in 2012 EBRD

provided a smaller loan (EUR 6 million) for the mod-

ernization and initial expansion of the facility.

The Bulgarian unit of Teklas is its largest subsid-

iary and has over 1800 people staff. It plans to es-

tablish a research and development center to further

develop its technological capacity, EBRD reported.

The expansion project also includes the building of a

new manufacturing unit for high-precision metal

tubes. The main purpose of the investment is to in-

crease the production capacity of Teklas in Bulgaria

in response to the growing demand. A part of the

financing will be used for the refurbishment of the

company's plant in Serbia, to further strengthen the

company's business positions in the area.

Teklas was founded in 1971 in Turkey. Nowadays

the company operates a total of nine production fa-

cilities in five countries: Turkey, Bulgaria, Serbia,

Mexico and China. Among its clients are major glo-

bal carmakers such as General Motors, Volkswagen,

Volvo, BMW, Mercedes-Benz and Renault.

"Teklas Bulgaria is an anchor for the town of

Kardzhali and the country's southern region. Its fur-

ther expansion - and the EBRD's continuous sup-

port - means economic growth and employment.

We welcome in particular Teklas commitment to

training local engineers and technicians for the new

R&D centre through education programmes and

know-how training", Larisa Manastirli, EBRD Direc-

tor for Bulgaria, commented.

"As Teklas, we are pleased to strengthen our re-

lations with the EBRD, which has played an impor-

tant role in our success story in Bulgaria since the

start of our relationship in 2012. Our aim is to man-

age increasing customer expectations with our cut-

ting-edge technologies and provide innovative

ideas from our R&D centre considering the latest

trends", Nebi Anil, the CEO of Teklas, added.

EBRD is financing a major renew-

able energy programme in Greece

The first project under the recently launched

Greek Renewable Energy Framework was signed

by the European Bank for Reconstruction and De-

velopment. The Bank announced it had subscribed

EUR 23,3 million in bonds issued by Hellenic Pe-

troleum - a Greek energy company, expanding its

business activities towards the renewable energy

sector. The investment is planned to support the

company in the implementation of several photo-

voltaic and wind projects, amounting a total capaci-

ty of 190 MW.

The EBRD launched its renewable energy

framework worth EUR 300 million earlier this year.

The main purpose of the fund is "to finance in-

vestments in electricity generation from renewable

sources and in electricity distribution and trans-

mission capacity to improve efficiency, reduce

losses and enable the integration of renewables

into the grid", the Bank explained.

The programme was introduced in Greece short-

ly after a market-based renewable energy support

scheme was established in the country. The

scheme includes competitive auctions to replace

fixed-price feed-in tariffs. Elpe Renewables - a

subsidiary of Hellenic Petroleum, active in the re-

newable energy business, already submitted suc-

cessful bids for three photovoltaic power plants in

the first such auction and has more projects un-

der preparation.

"The EBRD's Framework is designed to support

Greece in realizing its huge potential for renewable

energy. Strengthening solar, wind, biomass and

geothermal sources will lessen the dependence on

fossil fuels and imports", the Bank further clarified.

"We are very pleased to support Hellenic Petro-

leum in diversifying their business into renewable

energy. Our new renewables support scheme in

Greece lays a sustainable foundation for the devel-

Source: Dreamstime

Source: MEP Teknik

Source: Economic chamber of Macedonia