Daily Archives: 13, December 2023

Continental Tires Expands North American Bicycle Operations with Key Hire

(IN BRIEF) Continental Tires the Americas, LLC, has appointed Shane Messner as the Head of Bicycle the Americas, a strategic move coinciding with increased investment in the North American market. Continental recently announced plans to strengthen its presence in the … Read the full press release

R&S Group and VT5 Make History with First Swiss SPAC on SIX Exchange

(IN BRIEF) R&S Group Holding AG (“R&S Group”) has successfully listed its shares on SIX Swiss Exchange with the ticker symbol RSGN. The initial market capitalization reached approximately CHF 267 million, with 25,901,413 registered shares issued at CHF 0.10 per … Read the full press release

VINCI Highways Advances Sustainability Goals with Adaptive Lighting on Greek Highway

(IN BRIEF) The Athens-Patras highway, part of VINCI Highways’ network, has become Greece’s first smart highway to implement adaptive lighting. This innovative system adjusts lighting intensity based on traffic conditions and driving quality, enhancing safety and energy efficiency. The technology … Read the full press release

Sustainable Banking: Trust Bank Singapore and Thales Offer Ocean Plastic® Card Solution

(IN BRIEF) Trust Bank Singapore Limited, a digitally-native bank, has partnered with Thales to introduce Ocean Plastic® credit and debit cards made from recycled ocean plastic. These sustainable cards are manufactured at Thales’ state-of-the-art facility in Singapore and contain 70% … Read the full press release

Thales and Trablisa Successfully Implement Cutting-Edge Surveillance System for Enhanced Border Control in Melilla

(IN BRIEF) Thales and Trablisa, two leading European companies, have successfully implemented an Integrated Surveillance System at the Melilla Command of the Civil Guard for advanced border control. The project, completed in under seven months, involved the installation of fixed … Read the full press release

VINCI’s Spanish Subsidiary Cobra IS Outlines Ambitious Growth Plans for Renewable Energy

(IN BRIEF) VINCI held a Capital Markets Day in Madrid dedicated to its Spanish subsidiary, Cobra IS, aiming to provide detailed insights into its business activities. Cobra IS specializes in a wide array of flow business activities and complex EPC … Read the full press release

EnBW’s Insolvency Plan for bmp greengas GmbH Approved by Creditors, Acquisition by VNG H&V Ensures Stable Future

(IN BRIEF) EnBW Energie Baden-Württemberg AG has received a broad majority approval from creditors for the insolvency plan of biomethane trader bmp greengas GmbH. EnBW, the sole bidder, submitted a binding offer in October to fund the insolvency plan, which … Read the full press release

Voith Group Achieves Robust Performance Amidst Challenging Environment, Prioritizes Sustainability and Growth

(IN BRIEF) The Voith Group has demonstrated resilience and achieved strong results during the 2022/23 fiscal year, navigating a challenging economic environment successfully. The company reported positive growth across key performance indicators, with orders received surpassing expectations at €6.14 billion, … Read the full press release

Singapore’s Trust Bank Partners with Thales to Launch Eco-Friendly Ocean Plastic® Payment Card

(IN BRIEF) Trust, Singapore’s first digitally-native bank, has achieved rapid growth since its launch in September 2022, with over 600,000 customers within one year, making it one of the world’s fastest-growing digital banks. In its commitment to environmental sustainability, Trust … Read the full press release

Thales Awarded Contract to Supply Advanced GM400α Radar System to Royal Malaysian Air Force

(IN BRIEF) Thales has been awarded a contract to supply the Royal Malaysian Air Force (RMAF) with the GM400α long-range radar system, including complete station infrastructure. The award ceremony, attended by the Ministers of Defence of Malaysia and France, followed … Read the full press release

Henkel Joins UN Climate Change Conference to Discuss Supply Chain Decarbonization

(IN BRIEF) Henkel, a global leader in adhesives, participated in a panel discussion hosted by Schneider Electric at the United Nations Climate Change Conference (COP28). The panel, titled “Beyond Carbon – Decarbonizing the Supply Chain for a Greener Tomorrow,” focused … Read the full press release

Austria’s Comprehensive Air Defense Modernization Contract Awarded to Rheinmetall for €532 Million

(IN BRIEF) Austria’s Ministry of Defence has awarded Rheinmetall a contract worth €532 million (excluding value-added tax) for the comprehensive modernization of its existing Skyguard air defense systems, as part of its “Mission Forward” rearmament program. This ambitious project includes … Read the full press release

Alfa Laval and WinGD Forge Partnership to Accelerate Ammonia-Fueled Engine Development for Carbon-Free Shipping

(IN BRIEF) Alfa Laval, a leading provider of separation and fluid handling solutions, is teaming up with Swiss engine designer WinGD to advance the development of ammonia as a future fuel for marine vessels. As part of their ongoing ammonia … Read the full press release

Continental’s Century-Long Commitment to Sustainable Tire Retreading Reduces CO2 Emissions by 50%

(IN BRIEF) Continental, a leading tire manufacturer, has been advancing sustainability in the tire industry for over a century with its tire retreading program. They retread over a million truck and bus tires annually, saving resources and cutting costs. Research … Read the full press release

Siemens Honors Exceptional Inventors in Annual Awards Ceremony

(IN BRIEF) Siemens has recognized twelve outstanding inventors from various countries in its annual Inventors of the Year awards. These innovators have made significant contributions to fields such as artificial intelligence, sustainable power grids, railcar stability, and electric vehicle charging … Read the full press release

ING Repurchases Over 22 Million Shares as Part of €2.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it repurchased 22,450,729 shares during the week of December 4 to December 8, 2023, as part of its €2.5 billion share buyback program initiated on November 2, 2023. These shares were acquired at an … Read the full press release

Renowned Film Director J.A. Bayona Becomes CUPRA Global Ambassador for Creativity and Innovation

(IN BRIEF) Spanish film director and producer J.A. Bayona has been named a global ambassador for CUPRA, a Spanish automotive brand, to promote creativity and innovation. The collaboration was announced at an event in CASA SEAT, strengthening CUPRA’s connection to … Read the full press release

DreamLab App Harnesses Smartphone Power to Create Accurate Tropical Cyclone Maps

(IN BRIEF) Scientists at Imperial College London have partnered with the Vodafone Foundation’s DreamLab app to create the world’s first accurate tropical cyclone maps. These maps, made freely available to the public, help visualize areas at risk of tropical cyclones … Read the full press release

Deutsche Telekom Surpasses Fiber Expansion Targets in 2023

(IN BRIEF) Deutsche Telekom celebrates a successful year of expansion with over 2.5 million new fiber connections established in 2023, reaching its ambitious targets. By year-end, eight million households across Germany will have access to fiber optic connections, with nearly … Read the full press release

BASF Launches Irgastab® PUR 71: A Sustainable and High-Performance Anti-Scorch Solution

(IN BRIEF) BASF has introduced Irgastab® PUR 71, an innovative anti-scorch solution designed to meet regulatory standards and deliver exceptional performance without the use of aromatic amines, addressing the limitations of conventional additives. In the manufacturing of polyurethane foams, the … Read the full press release

Bentley’s ‘Bentley Bees’ Celebrate Fifth Honey Harvest with Exclusive Black Edition Label Honey

(IN BRIEF) Bentley Motors, known for its luxury automobiles, is making a buzz with the fifth honey harvest from its ‘Bentley Bees’ at the Excellence Centre for Honey Production located at the Bentley headquarters in Crewe. The center, which expanded … Read the full press release

Volkswagen’s ID.7 Earns Top 5-Star Safety Rating in Euro NCAP Test

(IN BRIEF) Volkswagen’s new all-electric model, the ID.7, has achieved a stellar five-star safety rating in the Euro NCAP (European New Car Assessment Programme) safety test, solidifying its position among the highest-rated models of 2023 according to the independent European … Read the full press release

EBRD Launches €200 Million Youth in Business Program to Boost Entrepreneurship in Central Asia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is taking steps to tackle youth unemployment and promote entrepreneurship in Central Asia by introducing a seven-year, €200 million (US$218 million) Youth in Business program. This initiative aims to provide … Read the full press release

Azerbaijani Furniture Maker Foriella Grows and Innovates with EBRD Support

(IN BRIEF) In Azerbaijan, furniture manufacturer Foriella, led by Owner and Director Farman Islamli, is harnessing innovation and quality craftsmanship to expand its presence in domestic and international markets. Seeking assistance from the European Bank for Reconstruction and Development (EBRD), … Read the full press release

EBRD Partners with Housing Bank to Promote Green Investment in Jordan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is facilitating environmentally friendly investment in Jordan through its Green Economy Financing Facility (GEFF) by granting a $15 million (€13.8 million) loan to the Housing Bank (HBTF). This funding package … Read the full press release

EIB Commits €100 Million to Boost Affordable and Sustainable Housing in Rostock

(IN BRIEF) In a significant development, the European Investment Bank (EIB) has approved a €100 million loan to support WIRO Wohnen in Rostock Wohnungsgesellschaft mbH, the municipal housing company in Rostock, Germany. This funding will aid WIRO in constructing 561 … Read the full press release