Zagreb: Croatian manufacturer of distribution and special transformers KONČAR – D&ST has signed a contract to acquire a majority stake in the Polish transformer manufacturer Power Engineering Transformatory based in Czerwonak
The main business activity of the Polish company is design
marketing and maintenance of medium power transformers up to 63 MVA and a voltage of up to 145 kV
the company manufactures and sells transformers exclusively on the Polish market
KONČAR – D&ST will be in the ownership of 74% of the shares and the investment will go towards procurement of new equipment
restructuring and modernization of the facility and human resources
the company will also invest its know-how to further develop and create a modern and competitive medium power transformers factory in Poland
New electricity deal and planned gas pipeline aim to ease Syria’s energy crisis
with 400 kV line and 6 million m3 of gas daily from Turkey
Christian Bruch visits Baghdad to formalise agreement aimed at potentially adding 14 GW to Iraq’s energy capacity through infrastructure upgrades
Xcel Energy will build a 280-km transmission line linking clean energy from southwest Minnesota to over 1 million homes across the Upper Midwest
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The Queck family of entrepreneurs has acquired the Swiss paper mill in Niederbipp from Kimberly-Clark Corporation (KCC)
The agreement provides for the transfer on 1 May 2021
the plant known as Tela in Niederbipp will continue to produce
the company confirmed in response to an EUWID enquiry
Kimberly-Clark announced that the paper mill in Niederbipp would be sold or closed by the end of April 2021
Sanitary products produced there under the brand name Hakle
will be manufactured in the future at the northern Italian KCC plant in Romagnano
Fripa Papierfabrik Albert Friedrich in Miltenberg
and Fabryka Papieru Czerwonak in Czerwonak
 The paper mill complements the existing group of companies
for example Cartaseta or Fripa Papierfabrik Albert Friedrich KG
 The takeover includes the entire paper mill at the Niederbipp site
but not the Hakle brand or other Kimberly-Clark brands
The new owners explain that it is a great challenge to maintain production of tissue paper in Switzerland
which is shown by Kimberly-Clark's decision to give up the production facility in Switzerland
The most important goal is for the new owners is to maintain and increase the competitiveness of the plant
which requires operational adjustments and changes
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