Daily Archives: 31, January 2024

SGL Carbon Ensures Uninterrupted Supply of Natural Graphite Products Amid Chinese Export Controls

(IN BRIEF) SGL Carbon, a leading global supplier of carbon-based solutions, affirms its supply capability remains unaffected by the Chinese government’s export control measures imposed on certain natural graphite materials and products starting December 1, 2023. While natural graphite products … Read the full press release

Hiab Secures EUR 35.8 Million Orders for Equipment from US Home Improvement and Building Supply Chains

(IN BRIEF) Hiab, a part of Cargotec, has received significant orders totaling EUR 35.8 million from two prominent US clients. A national home improvement chain has placed an order for MOFFETT truck-mounted forklifts valued at EUR 23.8 million, while a … Read the full press release

Skanska AB Reports Conversion of Class A to Class B Shares and Adjusted Total Voting Rights

(IN BRIEF) Skanska AB has announced the conversion of 15,960 Class A shares to Class B shares in accordance with its articles of association. This conversion, mandated by the Swedish Financial Instruments Trading Act, reduces the company’s total voting rights, … Read the full press release

Living Places Copenhagen Shortlisted for MIPIM Awards 2024: A Sustainable Housing Showcase

(IN BRIEF) Living Places Copenhagen, a collaborative project by the VELUX Group, EFFEKT architects, Artelia engineers, and Enemærke & Petersen contractors, has been nominated for the MIPIM Awards 2024 in the “Best Residential Project” category. The project’s recognition stems from … Read the full press release

Volkswagen’s AI Lab: Fueling the Future of Connected Vehicles

(IN BRIEF) Volkswagen Group is spearheading the integration of artificial intelligence (AI) in its vehicles to offer customers enhanced digital experiences. The company has unveiled the “AI Lab,” a global hub for innovation that will identify AI-based product ideas, collaborate … Read the full press release

Ericsson Joins Global Cybersecurity Effort as CVE Numbering Authority to Enhance Digital Resilience

(IN BRIEF) Ericsson, a leading telecom company, has been authorized as a CVE Numbering Authority (CNA), allowing them to identify and document publicly disclosed software vulnerabilities and contribute to global cybersecurity improvement efforts. CNAs, like Ericsson, play a crucial role … Read the full press release

Outokumpu Partners with Climate Leadership Coalition to Champion Green Steel and Global Climate Solutions

(IN BRIEF) Outokumpu Oyj, a global leader in sustainable stainless steel, has been accepted as a new organizational member of the Climate Leadership Coalition (CLC), Europe’s largest non-profit climate business network. CLC is dedicated to developing business-driven solutions to combat … Read the full press release

Multi-Modal Shipping Innovation by DHL and Schneider Electric Aims to Reduce Carbon Footprint

(IN BRIEF) DHL Global Forwarding and Schneider Electric have partnered to introduce innovative multi-modal shipping solutions aimed at reducing carbon emissions associated with air freight. They successfully launched two bridges, connecting Singapore and North America and India and North America, … Read the full press release

Outokumpu Oyj repurchased 126,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On January 30, 2024, Outokumpu announced the successful completion of its share repurchase program, with a total cost of EUR 507,792.07. The program, initiated on November 29, 2023, aimed to repurchase a maximum of 11 million shares with … Read the full press release

Linde Expands Clean Hydrogen and Carbon Dioxide Supply Deal with Celanese for Lower Carbon Methanol Production

(IN BRIEF) Linde (Nasdaq: LIN) has announced an expansion of its supply agreement with Celanese, a global chemical and specialty materials company, by providing captured carbon dioxide and clean hydrogen from its Clear Lake facility in Texas. Celanese will use … Read the full press release

Mirjam Mayer Appointed as Vice President of Circular Economy Solutions at Borealis

(IN BRIEF) Borealis has named Mirjam Mayer as the Vice President of Circular Economy Solutions (CES) starting from January 1, 2024. In this role, Mayer will oversee and manage the entire value chain of Borealis’ Circular Economy Solutions. Mayer, who … Read the full press release

Co-op Unveils Co-op Media Network, Paving the Way for Precision Advertising in Convenience Shopping

(IN BRIEF) Co-op has unveiled the UK’s inaugural retail media network within the convenience sector, aiming to assist brands in accessing broader audiences and enhancing advertising relevance for its customer base. The Co-op Media Network combines the company’s in-house team … Read the full press release

TotalEnergies Acquires 200 Charging Sites to Spearhead Electric Mobility in Spain in Partnership with Wenea

(IN BRIEF) TotalEnergies and Wenea have joined forces to establish a prominent presence in the Spanish electric mobility sector by creating a network of high-power charging hubs. TotalEnergies has acquired Nordian CPO, a subsidiary of Wenea, which owns 200 charging … Read the full press release

Pioneering Well-Being: GRAHAM Attains IIP Platinum Accreditation

(IN BRIEF) GRAHAM Group has achieved the prestigious IIP Wellbeing Platinum accreditation, the highest recognition for a positive well-being culture, becoming the first company in any industry to do so. This achievement signifies GRAHAM’s strong commitment to employee well-being, with … Read the full press release

World’s First Sustainable Castor Program Continues to Thrive with Over 7,000 Certified Farmers and Enhanced Yields

(IN BRIEF) In a remarkable achievement, the sustainable castor program initiated by Arkema, BASF, Jayant Agro-Organics, and Solidaridad in May 2016 has now certified over 7,000 farmers, resulting in substantial individual yield increases. More than 7,000 hectares of semi-arid land … Read the full press release

UK Businesses Embracing Open Banking Report Significant Time and Cost Savings

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

(IN BRIEF) According to a survey by Payit™ by NatWest, two-thirds of larger UK businesses are familiar with open banking, with users reporting an annual time saving of 150 hours compared to non-users. Business leaders utilizing open banking in their … Read the full press release

BASF and Partners Report Success and Expansion of Sustainable Castor Farming Project in India

(IN BRIEF) In collaboration with Arkema, Jayant Agro-Organics, and implementation partner Solidaridad, BASF’s sustainable castor farming project, known as Pragati, has achieved significant milestones in its seven-year journey. Over 7,000 farmers have been trained and certified, cultivating more than 74,500 … Read the full press release

NIB’s InvestEU Initiative Fuels Green Mobility Projects with EUR 150 Million

(IN BRIEF) The InvestEU Investment Committee has approved a framework operation allowing the Nordic Investment Bank (NIB) to provide up to EUR 150 million in financing for projects focused on green mobility and transport in the Nordic and Baltic region, … Read the full press release

BASF Coatings Pioneers Global Sustainability Certification Standard for Auto Refinishing

(IN BRIEF) In a bid to address the growing demand for sustainable accident repairs and uniform sustainability standards, BASF’s Coatings division is collaborating with industry partners, including associations, insurers, work providers, fleet operators, and body shops, to develop a global … Read the full press release

UNIQA Group Centralizes International Insurance Programs in Poland

(IN BRIEF) The UNIQA Group has launched the International Programmes (IP) HUB in Poland, serving as a competence center for 15 countries in Central and Eastern Europe where the insurer operates. This initiative aims to standardize insurance offerings for multinational … Read the full press release

BASF Announces Leadership Changes in Nutrition and Health Divisions

(IN BRIEF) BASF has announced leadership changes in its Nutrition and Health divisions. Julia Raquet will assume responsibility for the Division Europe, Middle East, and Africa, while Dr. Martin Volland will take charge of the Division Nutrition & Health. These … Read the full press release

Aviva Research Highlights Need for Greater Awareness of Healthy Lifestyles and Cancer Prevention

(IN BRIEF) New research by Aviva reveals that there is still a need to raise awareness about the importance of leading a healthy lifestyle in cancer prevention. Over half of those surveyed hope cancer won’t happen to them, and 20% … Read the full press release

Port of Rotterdam Enhances Container Leadership with Hanna Stelzel’s Appointment

(IN BRIEF) The Port of Rotterdam Authority has appointed Hanna Stelzel as the Director of Containers, effective March 1. In this role, Stelzel will oversee all container-related activities within the Commercial department, succeeding Hans Nagtegaal. Stelzel, with a background in … Read the full press release

Škoda Auto Expands into Brunei Market, Aiming for 4% Market Share in 5 Years

(IN BRIEF) Škoda Auto has officially entered the Brunei market, inaugurating its first showroom in Bandar Seri Begawan alongside local partner T.C.Y. Motors. The carmaker is introducing models like the Octavia RS, Kodiaq Sportline from Europe, and the Indian-made Slavia … Read the full press release

NET Initiative: Port of Rotterdam Takes Steps to Solve Grid Congestion

(IN BRIEF) The Port of Rotterdam, in partnership with grid operators TenneT and Stedin, has launched the New Energy Taskforce (NET) to address grid congestion challenges in the port and surrounding areas. Roger Knubben leads NET, bringing extensive experience in … Read the full press release

EIF Signs €2 Billion Guarantee Agreements to Boost SMEs and Green Transition in Bulgaria

(IN BRIEF) The European Investment Fund (EIF), a part of the European Investment Bank Group, has inked guarantee agreements with four Bulgarian banks, including Postbank (Eurobank Bulgaria), ProCredit Bank Bulgaria, UniCredit Bulbank, and United Bulgarian Bank, facilitating up to €2 … Read the full press release

Central Asian Entrepreneurs Embrace Green Initiatives with EBRD Support

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is actively supporting sustainability and green initiatives in Central Asia, empowering local entrepreneurs to transition to eco-friendly operations. One notable example is the Bel-Tam yurt camp in Kyrgyz Republic, which, … Read the full press release

European Investment Bank (EIB) Issues EUR 3 Billion 15-Year Bond Amid Strong Demand

(IN BRIEF) The European Investment Bank (EIB) has successfully issued a new EUR 3 billion 15-year EARN bond, set to mature on February 15, 2039. The bond offers an annual coupon of 3% and was priced at 99.072%. With demand … Read the full press release