Daily Archives: 29, January 2024

Novonesis: The New Force in Biosolutions Created by Novozymes and Chr. Hansen Merger

(IN BRIEF) Novonesis, the merger of Novozymes and Chr. Hansen, is now officially completed, solidifying its position as a global leader in biosolutions. With over 10,000 employees worldwide and expertise spanning 30 industries, Novonesis aims to provide biosolutions that benefit … Read the full press release

Spanish Engineering Group Sener Joins Forces with Fildravo for Philippine Offshore Wind Ventures

(IN BRIEF) Spanish engineering group Sener and Philippine architecture engineering consulting firm Fildravo have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects in the Philippines. The partnership will combine Sener’s global offshore wind engineering expertise with … Read the full press release

ÖBB Rail Cargo Group (RCG) Expands TransFER Service, Forging a Direct Rail Link to Rotterdam

(IN BRIEF) ÖBB Rail Cargo Group (RCG) is enhancing its TransFER service by introducing a direct rail connection between Linz, Duisburg, and Rotterdam, creating efficient freight transport between Austria, Germany, and the Netherlands. Rotterdam, one of the world’s largest seaports … Read the full press release

Imerys Confirms Key Locations for EMILI Lithium Project in France

(IN BRIEF) Imerys, the world leader in specialty minerals for industry, has confirmed the locations for its EMILI project, aimed at lithium extraction and production for batteries. The company has chosen La Loue, in the city of Saint-Victor near Montluçon, … Read the full press release

Otto Group’s Tobias Nieber Set to Lead Witt-Gruppe’s Finance Team

(IN BRIEF) Tobias Nieber, currently CFO of Mytoys Group, will join the Witt-Gruppe Management Board on February 1, 2024, as part of a planned transition. He will succeed Jürgen Angstmann, the long-standing CFO/COO of Witt-Gruppe, who is set to retire … Read the full press release

Introducing HEET Dynamic: Hempel’s Breakthrough Software for Accurate Coating Estimations

(IN BRIEF) Hempel has launched HEET Dynamic, a software designed to simplify intumescent coating estimations for structural engineers and estimators. It offers rapid calculations, 100% estimation accuracy, and a user-friendly interface. The software includes features like section factor calculations, default … Read the full press release

INEOS Launches Senior Secured Notes Offering to Raise €2 Billion for Strategic Purposes

(IN BRIEF) INEOS Holdings Limited’s subsidiary, INEOS Finance plc, has initiated an offering of euro and U.S. dollar-denominated senior secured notes due 2029, aiming to raise approximately €2 billion. The proceeds from this financing will serve various purposes, including refinancing … Read the full press release

Wacker Chemie Reports Significant Decline in Sales and Earnings for 2023 Amid Weak Market Conditions

(IN BRIEF) Wacker Chemie AG has announced a substantial year-over-year decline in its 2023 sales and earnings due to a persistently weak market environment. Preliminary figures show the company’s sales dropped by 22 percent to approximately €6.40 billion, primarily attributed … Read the full press release

EY Partners with Reveal to Revolutionize Legal Tech and Data Discovery

(IN BRIEF) EY has teamed up with Reveal to enhance its eDiscovery and data analytics services. This partnership combines Reveal’s eDiscovery and Document Analytics platform with EY’s domain expertise to offer clients faster and more cost-effective solutions for managing litigation … Read the full press release

GSK’s Omjjara Receives EU Approval for Myelofibrosis Treatment

(IN BRIEF) GSK has received marketing authorization from the European Commission for Omjjara (momelotinib), an oral inhibitor targeting JAK1/JAK2 and activin A receptor type 1 (ACVR1). Omjjara is the first approved treatment in the EU for disease-related splenomegaly (enlarged spleen) … Read the full press release

GSK Seeks Regulatory Approval to Extend RSV Vaccination to At-Risk Adults Aged 50-59

(IN BRIEF) GSK has submitted a regulatory application to the European Medicines Agency (EMA) to expand the use of its adjuvanted recombinant respiratory syncytial virus (RSV) vaccine to adults aged 50-59 who are at increased risk for RSV disease. The … Read the full press release

Holcim Appoints Miljan Gutovic as New CEO, Jan Jenisch to Focus on Chairman Role and US Listing

(IN BRIEF) Holcim’s Board of Directors has named Miljan Gutovic as the new Chief Executive Officer (CEO), effective from May 1, 2024, succeeding the current CEO Jan Jenisch, who will concentrate on his role as chairman and lead the planned … Read the full press release

BT Group’s Ambitious Plan: 500+ Apprentices and Graduates to Drive UK’s Digital Advancements

(IN BRIEF) BT Group has unveiled plans to hire more than 500 apprentices and graduates for its September 2024 intake, spanning various roles such as software engineering, customer service, applied research, data analytics, and cyber-security. These recruits will contribute to … Read the full press release

Capgemini Facilitates Auto Club Group’s Successful Migration to Google Cloud, Unlocking Cost Savings and Enhanced Efficiency

(IN BRIEF) Paris-based Capgemini has announced its successful collaboration with the Auto Club Group (ACG) in migrating its core insurance processing applications to Google Cloud. This strategic move enables ACG to simplify its IT infrastructure, optimize operations, and improve application … Read the full press release

Renewable Heating Solution: Neste and PVG’s Co-Processed Kerosene

(IN BRIEF) Neste has joined forces with PVG, a leading European home climate solutions provider, to introduce a sustainable heating liquid for portable fuel heaters. The co-processed odorless heating kerosene from Neste offers consumers a cleaner alternative to fossil-based heating … Read the full press release

Leadership Changes Announced in Merck Family Board Elections

(IN BRIEF) E. Merck KG, representing the Merck family’s interests in Merck KGaA, has disclosed the results of its regular board elections. Johannes Baillou, with 30 years of board experience at E. Merck KG, has been elected as Chairman of … Read the full press release

Merck Launches Digital Hub in Singapore to Drive Healthcare and Semiconductor Innovation

(IN BRIEF) Merck, a leading science and technology company, has inaugurated the Merck Digital Hub in Singapore, its first digital hub outside of the US and Europe. Supported by the Singapore Economic Development Board (EDB), the hub aims to accelerate … Read the full press release

Holcim Announces Intent to List North American Business, Creating Leading Building Solutions Company

(IN BRIEF) Holcim plans to list its North American business in the US, creating a leading pure-play building solutions company. The listed business aims to focus on long-term growth in the North American market and unlock value for stakeholders. Jan … Read the full press release

AFRY and WSP Collaborate on Transformative North Bothnia Line Railway Plan in Sweden

(IN BRIEF) The Swedish Transport Administration has enlisted the services of AFRY and WSP to develop a railway plan for the Skellefteå – Degerbyn section of the North Bothnia Line, a significant 270-kilometer coastal railway project connecting Umeå and Luleå. … Read the full press release

ABN AMRO Secures €250 Million Financing from EIB to Boost Sustainable Investments for Dutch Businesses

(IN BRIEF) ABN AMRO has successfully secured €250 million in financing from the European Investment Bank (EIB), which will be matched by the bank itself, resulting in a total of €500 million in new loans available to Dutch businesses. This … Read the full press release

Ericsson Names Chafic Nassif as Head of Market Area North East Asia and Senior Vice President

(IN BRIEF) Ericsson, the global telecommunications technology company, has appointed Chafic Nassif as its new Head of Market Area North East Asia and Senior Vice President. Currently leading Ericsson’s Customer Unit Latin America North, Nassif will succeed Chris Houghton, who … Read the full press release

Finnish Property Owners to Benefit from Telia and Danfoss Leanheat’s Innovative Heating Optimization

(IN BRIEF) Telia and Danfoss Leanheat have teamed up to introduce an innovative heating optimization solution in Finland. By installing Telia’s Indoor Climate Monitoring sensors in apartments, gathering indoor data, and connecting it to a cloud service for analysis, the … Read the full press release

LEGO House Introduces Interactive ‘Build the Change’ Experience Promoting Sustainability Through Play

(IN BRIEF) LEGO House in Billund, Denmark, has launched a new experience in collaboration with the LEGO Group’s ‘Build the Change’ initiative, commencing the 2024 season with an innovative twist. This interactive activity, developed over a year, aims to engage … Read the full press release

Outokumpu Successfully Acquires 266,213 Shares in Share Repurchase Program

(IN BRIEF) On January 26, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 266,213 of its own shares across various trading venues, with a total cost of EUR 1,073,521.31. This initiative, which began following the announcement … Read the full press release

ANDRITZ and Softys Peru Unveil Groundbreaking Hybrid Yankee Hood Heating System for Sustainable Tissue Production

(IN BRIEF) International technology group ANDRITZ and tissue producer Softys Peru have joined forces to create an innovative hybrid Yankee hood heating system, marking an industry-first achievement. This system allows for a flexible combination of electric and natural gas heating, … Read the full press release