Daily Archives: 10, November 2023

Largest Cooling Supply Site in Germany: E.ON’s Commitment to Heidelberg University

(IN BRIEF) E.ON and Heidelberg University Hospital have officially opened a new cooling center in Heidelberg, Germany, in response to a significant increase in cooling needs on the Heidelberg University campus. The facility, designed for a maximum capacity of 48 … Read the full press release

MOL Group Reports Q3 2023 Financial Results, Raises Full-Year EBITDA Guidance to $2.8 Billion

(IN BRIEF) MOL Group has announced its financial results for Q3 2023, reporting a clean CCS EBITDA of USD 976 million, a 33% decrease compared to the same period last year. Windfall taxes in the CEE region significantly impacted results, … Read the full press release

Savills Unveils New State-of-the-Art Office in Bath’s Historic Milsom Street

(IN BRIEF) Savills, a real estate firm, has relocated to a new office in Bath, UK, situated on Milsom Street, a historic shopping street. The 2,500 sq. ft. office, housed in an elegant Georgian building, offers a modern and flexible … Read the full press release

Volvo Group to Acquire Proterra’s Battery-Electric Business for $210M in Chapter 11 Bankruptcy Auction

(IN BRIEF) Proterra Inc. and Proterra Operating Company Inc. have initiated a voluntary Chapter 11 bankruptcy process in the United States, and Volvo Group has emerged as the winning bidder in an auction to acquire the assets of the Proterra … Read the full press release

Covestro and Xinquan Forge Global Partnership to Drive Automotive Innovation and Sustainability

(IN BRIEF) German materials manufacturer Covestro has announced a global partnership with Chinese automotive trim company Xinquan Automotive during the China International Import Expo in Shanghai. This strategic alliance aims to strengthen Xinquan’s presence in North America, Europe, and ASEAN … Read the full press release

University of Liverpool Joins Liverpool Arts and Culture Race Equality Manifesto to Promote Inclusion and Diversity

(IN BRIEF) The University of Liverpool has officially signed the Liverpool Arts and Culture Race Equality Manifesto, an initiative aimed at fostering inclusion and equality within the arts and culture sector in the Liverpool City Region. The manifesto, developed by … Read the full press release

DHL Freight Demonstrates Commitment to Sustainability with Berlin Terminal Upgrade

(IN BRIEF) DHL Freight is building a new terminal in Berlin-Marienfelde, aiming to enhance its network and sustainability. This 20,000-square-meter facility will replace an existing one in Berlin, offering better freight distribution in the area. The new terminal will operate … Read the full press release

Novo Nordisk Announces Landmark Investment to Expand Kalundborg Manufacturing Facilities for Chronic Disease Therapies

(IN BRIEF) Novo Nordisk has unveiled plans to invest more than 42 billion Danish kroner starting in 2023 to expand its existing manufacturing facilities in Kalundborg, Denmark. This significant investment coincides with the company’s 100th anniversary and underscores Novo Nordisk’s … Read the full press release

EIB Provides €20 Million Loan to Xnext for Food Safety and Sustainability Innovation

(IN BRIEF) The European Investment Bank (EIB) has extended a €20 million venture debt loan to Xnext, an Italian start-up specializing in X-ray inspection systems. The loan aims to bolster food safety, support innovation, and promote environmental sustainability. Xnext’s patented … Read the full press release

Abidjan’s Public Transport Goes Green with Scania’s Biodiesel Pilot in Côte d’Ivoire

(IN BRIEF) Scania West Africa, in partnership with TotalEnergies Marketing Côte d’Ivoire, ANADER, and LA SIR, has inaugurated a biodiesel pilot project in Abidjan, Côte d’Ivoire. This initiative aims to significantly reduce emissions from public transport and create local jobs … Read the full press release

Henkel Partners with Nanoprecise to Revolutionize Industrial Operations with Predictive Maintenance Solutions

(IN BRIEF) Henkel Adhesive Technologies, a global leader in adhesives and coatings, has forged a strategic partnership with Nanoprecise Sci Corp, a Canadian predictive maintenance solutions provider. This collaboration emphasizes their joint commitment to digitizing industrial operations and harnessing advanced … Read the full press release

EQT and Benesse Holdings to Partner for Privatization and Growth in Japan’s Education and Nursing Care Sectors

(IN BRIEF) EQT, in collaboration with the founding family of Benesse Holdings, Inc., a leading education and nursing care provider in Japan, is set to initiate a Tender Offer to privatize the company, which is listed on the Tokyo Stock … Read the full press release

Mercedes-Benz Unveils Its Roadmap to a 100% Digital Enterprise with Free and Open Source Software (FOSS)

(IN BRIEF) Mercedes-Benz is actively embracing Free and Open Source Software (FOSS) as a crucial element in its digital transformation journey. The company aims to lead in automotive digitalization under the banner of “Enterprise Transformation – 100% Digital.” FOSS plays … Read the full press release

Logicor Expands European Logistics Real Estate Presence in Rheine with Sustainable Development

(IN BRIEF) Logicor, a prominent player in European logistics real estate, is increasing its footprint in Rheine, a strategic business location. Currently, a logistics property with two units covering approximately 20,000 square meters (Rheine II) is under construction on Sandkampstrasse … Read the full press release

Kuehne+Nagel’s Rapid Response Delivers Flu Vaccines to 42 Veterans Affairs Hospitals Across the U.S.

(IN BRIEF) Kuehne+Nagel’s North American Road Logistics team received an urgent request from a pharmaceutical customer to deliver 150 pallets of flu vaccines to over 40 Veterans Affairs (VA) hospitals across the U.S. within ten days. The team quickly organized … Read the full press release

Cargotec Appoints Sami Niiranen as President of Kalmar and Potential CEO in Planned Separation and Listing Readiness

(IN BRIEF) In a significant leadership change at Cargotec, Sami Niiranen has been appointed as the new President of Kalmar, effective by May 2024 at the latest. During this transition, Casimir Lindholm, Cargotec’s current President and CEO, will serve as … Read the full press release

DNV Calls for Urgent Policy Changes and Tech Advancements in Net Zero Emissions Report

(IN BRIEF) DNV’s “Pathway to Net Zero Emissions” report emphasizes the need for immediate and lasting emissions reductions to limit global warming to 1.5°C. The report acknowledges that achieving a fully fossil-free energy system by 2050 is unrealistic and instead … Read the full press release

Amey Marks 15 Years of Partnership with Royal British Legion Industries, Contributing Over £730k in Social Value

(IN BRIEF) Amey is celebrating 15 years of partnership with the Royal British Legion Industries (RBLI), a charity that supports veterans and individuals with disabilities through employment and training. Over this period, Amey has invested more than £4.3 million in … Read the full press release

Philips Earns Red Dot Best-of-the-Best Awards for Innovative Design Excellence and Sustainability

(IN BRIEF) Philips, a renowned health technology company, has earned prestigious recognition from the Red Dot Design Awards in 2023. The company was honored with two Best-of-the-Best awards, demonstrating its commitment to high-quality design and innovation. The first award was … Read the full press release

Leading Tire Companies Bridgestone and Michelin Collaborate on Recovered Carbon Black Guidelines for Sustainable Tire Production

(IN BRIEF) Bridgestone Corporation and Michelin Group, the world’s two largest tire companies, have jointly published a technical white paper titled “Bridgestone & Michelin: Recovered Carbon Black Guidelines.” This collaborative effort follows a position paper released earlier in 2022, in … Read the full press release

Lilium Partners with Michelin to Develop Custom Tires for Its All-Electric Vertical Take-Off Jet

(IN BRIEF) Lilium N.V., the developer of the groundbreaking all-electric vertical take-off and landing (eVTOL) jet, has announced a strategic partnership with Michelin for the development and production of custom tires designed specifically for the Lilium Jet. This collaboration, which … Read the full press release

SEAT and Volkswagen Prioritize Spanish Suppliers for Electric Vehicle Project

(IN BRIEF) SEAT S.A. and the Volkswagen Group have taken a significant step towards localizing the production of electric vehicles by allocating over 75% of the material costs for the Small BEV project to suppliers based in Spain. This move … Read the full press release

Bosch Introduces Smart Logistics Solution ‘Track and Trace’ for Transparent Load Carrier Management

(IN BRIEF) Bosch has unveiled a new smart logistics solution called “Track and Trace,” designed to enhance load carrier management and transparency in the manufacturing industry. Load carrier management often becomes a challenge when load carriers go missing or are … Read the full press release

Green Finance Facility Launches in North Macedonia to Promote Renewable Energy and Energy Efficiency Investments

(IN BRIEF) A new Green Finance Facility (GFF), valued at €30 million, has been introduced in North Macedonia to provide small and medium-sized enterprises (SMEs) and creditworthy underserved individuals and households with loans for renewable energy and energy efficiency projects. … Read the full press release

EIB and Erste Bank Finance €79.2 Million for Engelhartstetten Wind Farm, Aiding Austria’s Green Energy Transition

(IN BRIEF) The European Investment Bank (EIB) and Erste Bank Austria have jointly provided loans of up to €79.2 million to WLK energy for the construction of the new Engelhartstetten wind farm in Lower Austria. This wind farm will consist … Read the full press release

EIB Grants €30.5 Million Loan to DOMINION for Technological Advancements and Innovation Across Europe

(IN BRIEF) The European Investment Bank (EIB) has recently entered into a €30.5 million loan agreement with DOMINION, a multi-technology services and integrated projects company, to fund the development of cutting-edge technology aimed at designing innovative engineering and computing solutions. … Read the full press release

EIB Group Champions European Start-Ups at 2023 Web Summit

(IN BRIEF) The EIB Group, represented by EIB Vice-President Ricardo Mourinho Félix and a team of finance and innovation experts, is set to spotlight its support for innovation and start-ups in Europe at the 2023 Web Summit in Lisbon from … Read the full press release