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A German manufacturer of fiberboard (MDF) will build a fiberboard production plant near Vilnius. Homanit will invest 115 million euros in the construction of the plant within three years. Thanks to this, 440 jobs will appear in the country, the local agency, Investuok Lietuvoje, reports. Homanit actively supplies products from Polish factories to Lithuania, so the construction of an enterprise in the country will satisfy the demand of Lithuanian furniture manufacturers. IKEA buys furniture in Lithuania and Poland. The new plant in the country will solve the problem of product supply to local and foreign customers. The Lithuanian furniture production market will receive more than 360 million euros over two years. In 2017, Homanit planned to purchase Grigeo, the manufacturer of fiberboard, cardboard and paper, but in early 2018 the deal was broken. The company currently owns two factories in Poland and one in Germany.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Oil prices dropped on Wednesday as the inventory build in U.S. industry data exceeded expectations, while coronavirus cases continue to surge in the United States, the world’s biggest oil consumer. The American Petroleum Institute reported ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
The United States Labor Department reported on Thursday that jobless claims edged down to a near four-month low since last week, while 32.9 Million Americans collected unemployment benefits in the third week of June. The government agency ...
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