Daily Archives: 15, November 2023

Siemens AG Boosts Stake in Siemens Ltd. India, Accelerating Separation from Siemens Energy

(IN BRIEF) Siemens AG has taken significant steps to support the stability and accelerate the separation of Siemens Energy AG in India. Siemens plans to enter into a share purchase agreement to acquire an 18% stake in Siemens Ltd. India … Read the full press release

EIF and LocalTapiola Partner to Provide €32 Million in Loans to Finnish Small Businesses

(IN BRIEF) The European Investment Fund (EIF) and LocalTapiola Corporate Lending I GP Ltd, a Finnish alternative lender, have signed two portfolio guarantee agreements, enabling the provision of €32 million in new loans to small businesses and mid-caps in Finland. … Read the full press release

EBRD Expands Partnership with TBC Bank in Georgia with $30 Million Financing to Boost Climate Governance

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is strengthening its collaboration with Georgia’s leading financial institution, TBC Bank, by providing a $30 million (€28.1 million) financing facility. This funding is aimed at bolstering TBC Bank’s capital base … Read the full press release

ArcelorMittal to Pioneer Sustainable Steel Powder Production for Additive Manufacturing

(IN BRIEF) ArcelorMittal, a global steel industry leader, is entering the additive manufacturing (AdM) market as a supplier of high-quality steel powders. The company is constructing an industrial-scale atomizer in Spain, with production scheduled to begin in January 2024. This … Read the full press release

EIF and Laboral Kutxa Partner to Boost Micro-Businesses and Social Enterprises in Spain with €145 Million Support

(IN BRIEF) The European Investment Fund (EIF) has entered into an agreement with Laboral Kutxa to provide a portfolio guarantee aimed at mobilizing €145 million in support of micro-businesses, social enterprises, and social entrepreneurs in Spain. This collaboration, made possible … Read the full press release

Siemens Envisions a Future of Effortless Machine Vision Integration Through Strategic Partnerships

(IN BRIEF) Siemens has entered into two significant partnerships with leading companies in machine vision and industrial image processing, Basler AG and MVTec Software GmbH. These collaborations aim to simplify the integration of machine vision applications into existing automation technology, … Read the full press release

Germitec Secures €25 Million Agreement with EIB to Develop Innovative Medical Products

(IN BRIEF) Germitec, in collaboration with the European Investment Bank (EIB), has inked a €25 million agreement aimed at financing the research, development, and commercialization of groundbreaking medical products. This partnership, facilitated by the InvestEU program, seeks to significantly reduce … Read the full press release

EIB and Malta Development Bank Join Forces to Drive Green Transition for Small and Medium-Sized Enterprises

(IN BRIEF) The European Investment Bank (EIB) and Malta Development Bank (MDB) have formed a partnership aimed at accelerating the green transformation of small and medium-sized companies (SMEs) and public sector entities in Malta. Under this collaboration, the EIB is … Read the full press release

Cometary Delivery of Prebiotic Molecules: A Key to Life’s Origins in Other Galaxies, Cambridge Finds

(IN BRIEF) Researchers from the University of Cambridge have conducted a study suggesting that comets could play a role in delivering the molecular building blocks for life to planets in other galaxies. The study proposes that comets, which contain prebiotic … Read the full press release

Vattenfall’s Vesterhav Syd Wind Farm Powers Up Danish Grid with Clean Energy

(IN BRIEF) Vattenfall has achieved a major milestone as the Vesterhav Syd offshore wind farm delivered its first power to the Danish grid on November 10th. After nearly seven years of work, the wind turbines at Vesterhav Syd are now … Read the full press release

Europris Partners with Maersk to Achieve Significant Greenhouse Gas Reductions in Seaborne Logistics

(IN BRIEF) Europris, a leading retail company in Norway, has selected Maersk’s ECO Delivery product to make substantial reductions in greenhouse gas (GHG) emissions associated with its seaborne logistics. The collaboration aims to align with Europris’ strategic goal of reducing … Read the full press release

U.S. Commits $1 Million to Eurojust’s ICPA in Support of Ukraine Aggression Prosecution

(IN BRIEF) The U.S. Department of State has pledged USD 1 million to support the International Centre for the Prosecution of the Crime of Aggression Against Ukraine (ICPA), hosted at Eurojust. Eurojust, the European Union’s agency for judicial cooperation in … Read the full press release

Ericsson Unveils Cloud-Native Transport Automation Controller with AI for Efficient Network Management

(IN BRIEF) Ericsson has introduced its Ericsson Transport Automation Controller, a cloud-native solution that employs artificial intelligence (AI) and machine learning to enhance the efficiency of microwave, IP, and optical networks for communications service providers (CSPs). This intelligent controller enables … Read the full press release

Logicor and Martex Forge Strategic Partnership with Lease Agreement for Cutting-Edge Warehouse in Poland

(IN BRIEF) Logicor, a major European logistics real estate company, has signed a leasing agreement with Martex, a leading Polish distributor of truck spare parts. The deal includes a 45,000 square meter standalone warehouse at Logicor Będzin. Martex, with 42 … Read the full press release

Ericsson Unveils Advanced RAN Compute Processors for 5G and AI-Powered Networks

(IN BRIEF) Ericsson has introduced its latest generation of processors within the Ericsson RAN Compute portfolio, designed to assist communications service providers (CSPs) in optimizing their networks for 5G Advanced and enhanced artificial intelligence (AI) capabilities. The new RAN Compute … Read the full press release

Hydro Marks 10-Year Investment Milestone in Brazilian Biodiversity Research Consortium

(IN BRIEF) Hydro, the Norwegian aluminum company, has celebrated a decade of investment in the Pará Biodiversity Research Consortium (BRC) in Brazil, amounting to approximately BRL 15 million. Over the years, the BRC has transformed from a formal agreement into … Read the full press release

Hydro Faces Power Supply Disruption as Markbygden Ett Enters Reorganization

(IN BRIEF) Norwegian company Hydro is grappling with a potential disruption in its power supply as Markbygden Ett AB, a power supplier with whom Hydro has a long-term contract, enters into a company reorganization process under the Swedish Reorganization Act. … Read the full press release

Ukraine Awards Rheinmetall Contract for Leopard 1 Systems and Support Services

(IN BRIEF) The Ukrainian government has entered into a contract with Rheinmetall, a German defense company, for the procurement of Leopard 1 systems. The contract includes 25 main battle tanks (Leopard 1A5), five armored recovery vehicles (Bergepanzer 2), and two … Read the full press release

TotalEnergies’ Energy Outlook 2023 Offers Insight into Global Energy Transition

(IN BRIEF) TotalEnergies has released its annual “TotalEnergies Energy Outlook 2023” in preparation for COP28, outlining scenarios for the evolution of global energy demand and the transition to a sustainable energy system by 2050. The report reveals that while the … Read the full press release

NatWest Launches ‘Home Energy Hub’ to Aid UK Homeowners in Sustainability Upgrades

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest has introduced the “Home Energy Hub,” a platform designed to help all UK homeowners assess the energy efficiency of their residences and take steps towards sustainable improvements. The platform addresses common challenges faced by homeowners, including finding … Read the full press release

RWE Invests €10.3 Billion in Green Initiatives, Grows Portfolio by 5.7 GW

(IN BRIEF) RWE, a leading energy company, has reported significant investments of €10.3 billion in its “Growing Green” program during the first nine months of fiscal 2023, marking a substantial increase from the previous year’s €3.1 billion investment. The acquisition … Read the full press release

Economic and Societal Threats Outweigh Environmental and Technological Risks, Says World Economic Forum Survey

(IN BRIEF) A survey conducted by the World Economic Forum, involving over 11,000 business leaders from 110 countries, has revealed that economic and societal threats, such as economic downturns, inflation, and declining social cohesion, are the most significant risks in … Read the full press release

BASF Expands Ultrasim® Simulation Portfolio to Optimize Particle Foam Component Manufacturing

(IN BRIEF) BASF is enhancing its Ultrasim® simulation portfolio to include the manufacturing process of components made from particle foam, specifically designed for Infinergy®, an expanded thermoplastic polyurethane (E-TPU) used in various applications like bicycle tires and shoe soles. Ultrasim® … Read the full press release

BASF and Teamplas Collaborate to Enhance Recycling Quality and Create High-Value Products from Post-Consumer Waste

(IN BRIEF) BASF, a global chemical company, and Teamplas Group, a leading Southeast Asian recycled pellets manufacturer, have partnered to improve the recycling process and create high-quality office equipment and car interior parts from post-consumer waste. Teamplas uses BASF’s IrgaCycle® … Read the full press release

Leading health experts voice their support for the introduction of an EU priority review programme

(IN BRIEF) The global health NGO Deutsche Stiftung Weltbevölkerung (DSW) is calling on the European Union (EU) to establish a priority review program aimed at encouraging investment in research and innovation (R&I) to combat poverty-related and neglected infectious diseases. Over … Read the full press release