Daily Archives: 27, October 2023

Unilever Appoints Fernando Fernandez as New CFO Amid Leadership Changes

(IN BRIEF) Unilever has announced the appointment of Fernando Fernandez as its new Chief Financial Officer (CFO), effective from January 1, 2024. Fernandez, currently the President of Unilever’s Beauty & Wellbeing Business Group, will succeed Graeme Pitkethly, who is retiring … Read the full press release

Unilever Sells Dollar Shave Club to Nexus Capital Management to Focus on Core Growth Areas

(IN BRIEF) Unilever has announced the sale of Dollar Shave Club to Nexus Capital Management LP, a US-based private equity firm. Dollar Shave Club, known for its razors and male grooming products, will continue to serve consumers in North America … Read the full press release

Technical University of Munich (TUM) and Clariant Extend Partnership to Advance Sustainable Catalysts for the Chemical Industry

(IN BRIEF) The Technical University of Munich (TUM) and chemical company Clariant have renewed their strategic partnership, extending the Munich Catalysis Alliance (MuniCat) until 2033. The collaboration aims to develop more efficient and sustainable catalysts for the chemical industry. Catalysts … Read the full press release

Nordic Investment Bank Collaborates with Lithuania to Boost Energy Efficiency in Public Buildings

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 20-year credit facility with Lithuania to co-finance the energy efficiency program for public buildings from 2023 to 2026. This financing will be used to renovate 25 public buildings, leading to … Read the full press release

ViiV Healthcare Receives Chinese Approval for Long-Acting HIV Treatment Vocabria and Rekambys

(IN BRIEF) ViiV Healthcare has received approval from China’s National Medical Products Administration (NMPA) for Vocabria (cabotegravir) in combination with Rekambys (rilpivirine), marking the first complete long-acting HIV-1 injectable treatment in China. This approval allows people living with HIV in … Read the full press release

Infineon Expands AIROC Portfolio with Advanced Wi-Fi 6/6E and Bluetooth 5.4 Solution for IoT Applications

(IN BRIEF) Infineon Technologies has expanded its AIROC™ portfolio with the AIROC CYW5551x Wi-Fi 6/6E and Bluetooth 5.4 solution. This versatile family of chips offers secured and reliable 1×1 Wi-Fi 6/6E connectivity that surpasses standard performance levels and advanced ultra-low … Read the full press release

Voith’s High-Efficiency Fan Technology Enhances Fendt Tractors’ Cooling Systems and Performance

(IN BRIEF) Voith, a global leader in the development of efficient fan units for cooling systems, continues to collaborate with Fendt on innovative cooling solutions for tractors. The fan unit, part of Fendt’s Concentric Air System (CAS), is designed to … Read the full press release

Schneider Electric’s Sustainability Program Gains Momentum with Local Initiatives and Global Recognition

(IN BRIEF) Schneider Electric, a leader in energy management and automation, has released its quarterly sustainability impact performance report along with its third-quarter financial results. The report highlights the progress of the Schneider Sustainability Impact (SSI) 2021-2025 program, which aims … Read the full press release

Pfizer and BioNTech Report Promising Results for mRNA-Based Combination Vaccine Against Influenza and COVID-19

(IN BRIEF) Pfizer and BioNTech have announced positive topline results from a Phase 1/2 study of their mRNA-based combination vaccine program for influenza and COVID-19. The lead formulations showed robust immune responses to influenza A, influenza B, and SARS-CoV-2 strains. … Read the full press release

Record-Breaking Year for Corporate Renewable PPAs in the EU, but Regulatory Barriers Must Be Removed, Say Industry Leaders

(IN BRIEF) The RE-Source 2023 event in Amsterdam has marked a record year for corporate power purchase agreements (PPAs) in the EU, with 7.8 GW of renewable capacity secured year to date. Companies in the ICT, heavy industry, and telecom … Read the full press release

thyssenkrupp Uhde to Supply Green Methanol and Methanol-to-Gasoline Plant for ENOWA’s Sustainable Fuel Production in Saudi Arabia

(IN BRIEF) thyssenkrupp Uhde has secured a contract from ENOWA to provide engineering services and equipment for a CO2-to-methanol and methanol-to-gasoline demonstration plant in Saudi Arabia. The plant, a joint project by ENOWA and Aramco, will use the uhde® green … Read the full press release

Volkswagen’s Enhanced T-Cross SUV Now Available for Pre-Sale with Upgraded Features and Pricing

(IN BRIEF) Volkswagen has opened pre-sales for the new T-Cross SUV, featuring a range of enhancements including a refreshed exterior design, LED headlights and tail lights, and a higher-quality interior. The T-Cross will be available with three turbocharged petrol engine … Read the full press release

Michelin’s Bourges Site Unveils 5-Year Plan for Aircraft Tire Market Growth and Welcomes Innovative Production Activities

(IN BRIEF) Michelin’s Bourges site, a key player in the aircraft tire market, has announced a 5-year action plan to enhance its performance. The plan focuses on innovation, efficiency, and addressing organizational challenges posed by recent growth. It involves collaboration … Read the full press release

Bosch Unveils Motorcycle Innovations at EICMA 2023, Including Safety, Display, and Powertrain Solutions

(IN BRIEF) Bosch is showcasing its innovations for the motorcycle industry at EICMA 2023. The company is highlighting its display solutions, including the TFT Cluster 5″ and Integrated Connectivity Cluster (ICC), for keeping riders informed while minimizing distractions. Bosch is … Read the full press release

Bosch Engineering Unveils Electric Drive Platform for Simplified Integration into Boats

(IN BRIEF) Bosch Engineering is introducing its Electric Drive System Platform (EDSP) for electric boat drives at METSTRADE. This platform provides boat manufacturers with a comprehensive solution, including electric motors, inverters, high-voltage batteries, chargers, and cable harnesses, allowing for simplified … Read the full press release

Rheinmetall Wins Key Contract for Electric Vehicle (EV) Bearings in E-Mobility Expansion

(IN BRIEF) Rheinmetall, a tech enterprise, has secured an order for plain bearings to be used in a planetary gear set for an electric vehicle produced by an international automaker with a focus on e-mobility. The order represents significant annual … Read the full press release

EU Pledges €500 Million for Global Health and €134 Million for Local Manufacturing in Africa

(IN BRIEF) During the Global Gateway Forum, the EU committed €500 million to global health in collaboration with the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation. This funding will strengthen healthcare capacities, improve pharmaceutical supply chains, … Read the full press release

EU Commits €16 Million to Enhance Road Safety Along Georgia’s East-West Highway

(IN BRIEF) The EU, represented by Commissioner Olivér Várhelyi and EIB President Werner Hoyer, has announced a €16 million grant through EIB Global to enhance road safety in Georgia along the East-West highway. The project aims to improve physical safety … Read the full press release

EU Commits €10 Million to Improve Education Infrastructure in Armenia’s Syunik Region

(IN BRIEF) At the Global Gateway Forum, the EU Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, and the European Investment Bank (EIB) President, Werner Hoyehr, announced a financial package to enhance education infrastructure in Armenia. The package includes a €10 … Read the full press release

Neglecting Women’s Health in the Workplace Costs UK Economy £20.2 Billion Annually, Report Finds

(IN BRIEF) A report by AXA Health and the Centre of Economic and Business Research reveals that neglecting women’s health in the workplace costs the UK economy £20.2 billion annually. Despite 68% of women experiencing health issues in their careers, … Read the full press release