Monthly Archives: September 2024

Mercedes-Benz eActros 600 Named “International Truck of the Year 2025” for Long-Distance Innovation

(IN BRIEF) The Mercedes-Benz eActros 600 has been named “International Truck of the Year 2025” by commercial vehicle journalists from 24 European countries. The electric truck was praised for its advanced aerodynamics, powerful drivetrain, and a range of 500 kilometers … Read the full press release

Mercedes-Benz eCitaro G Wins ‘Electric Bus Champion 2024’ Award for Top Performance and Innovation

(IN BRIEF) The Mercedes-Benz eCitaro G has been named “Electric Bus Champion 2024” at IAA Transportation in Hanover after winning a comprehensive comparison test organized by Omnibusspiegel. The articulated bus excelled in categories such as passenger comfort, driver handling, build … Read the full press release

Bilfinger Tapped to Lead Construction of Key Fertilizer Plant, Powering Egypt’s Chemical Growth

(IN BRIEF) Bilfinger has been awarded a significant Project Management and Consultancy contract by Egyptian Chemical Industries (KIMA) to manage the construction of a new chemical and fertilizer plant in Aswan, Egypt. The facility will produce 600 tons of nitric … Read the full press release

GEA Launches New Valve Technology to Enhance Safety in Spray Drying Operations

(IN BRIEF) GEA has introduced its CONTA dual block valve technology, designed to improve safety and efficiency in spray drying processes for the food and dairy industries. The new system reduces areas where feed can accumulate by 96%, lowering microbiological … Read the full press release

Deutsche Bahn Awards €100M Maintenance Contracts to Vossloh for Rail Upkeep

(IN BRIEF) Deutsche Bahn has awarded Vossloh over €100 million in contracts to improve rail maintenance using advanced rail milling and high-speed grinding technologies. The agreements, covering preventive and corrective maintenance, aim to extend the service life of DB’s tracks … Read the full press release

Rolls-Royce Celebrates Milestones for T56 and AE 2100 Engines in Military Aviation

(IN BRIEF) Rolls-Royce is marking significant achievements for its T56 and AE 2100 engines, which have powered military aircraft for decades. The T56 engine, first flown in 1954, has surpassed 220 million flight hours, while the AE 2100 engine has … Read the full press release

Bosch Expands Commercial Vehicle Solutions with Focus on Alternative Powertrains and Software Innovation

(IN BRIEF) At the IAA Transportation 2024, Bosch unveiled its plans to drive the future of commercial vehicles with diverse powertrain technologies and advanced software solutions. By 2035, Bosch expects a significant shift toward battery-electric and hydrogen-powered trucks. The company … Read the full press release

Michelin Unveils New Fuel-Saving Tires and Connected Mobility Solutions at IAA Transportation Fair

(IN BRIEF) Michelin launched its latest tire ranges, the MICHELIN X® LINE ENERGY™ 3 and MICHELIN X® MULTI ENERGY™ 2, at the IAA Transportation Trade Fair in Hannover. These new tires are designed to maximize fuel savings and lateral grip … Read the full press release

Bentley Unveils Fourth-Generation Continental GT on Founder’s Birthday, Setting New Standards in Power and Luxury

(IN BRIEF) Bentley Motors has commenced production of the fourth-generation Continental GT, with the first model finished in Tourmaline Green to commemorate the 136th birthday of company founder, W.O. Bentley. This model, part of Bentley’s UK Press Fleet, will later … Read the full press release

Thales Reaffirms Commitment to Secure Legal Identities for All on International Identity Day

(IN BRIEF) On International Identity Day, Thales reaffirmed its commitment to providing secure, trusted legal identities for all, in line with the UN’s Sustainable Development Goal 16.9. With over 850 million people worldwide lacking official identification, Thales is working to … Read the full press release

Aurubis Welcomes 75 New Apprentices to Cutting-Edge Training Program in Hamburg

(IN BRIEF) Aurubis, a leading multimetal producer, has welcomed 75 new apprentices at its Hamburg plant, filling all available spots across 12 vocations. The company, known for its modern training environment and role in producing metals for electric vehicles and … Read the full press release

Slovenian President Applauds Eurojust’s Role in Strengthening Cross-Border Judicial Cooperation

(IN BRIEF) During her visit to Eurojust, Slovenian President Nataša Pirc Musar commended the agency’s work in promoting cross-border judicial cooperation and supporting efforts to combat organized crime. Slovenia has participated in over 1,300 cases since 2020, including high-profile collaborations … Read the full press release

EIF Commits €30 Million to Wind II Fund to Drive Climate Tech Innovation in Europe

(IN BRIEF) The European Investment Fund (EIF) has committed €30 million to Wind II, a venture capital fund targeting €130 million. Wind II focuses on early-stage tech startups across Europe developing innovative solutions for essential services and infrastructure industries to … Read the full press release

Stark Future Secures €40 Million EIB Loan to Expand Electric Motorcycle Innovation

(IN BRIEF) Stark Future, a leading electric motorcycle company in Spain, has obtained a €40 million loan from the European Investment Bank (EIB) to boost its research, development, and production of electric motorbikes. Backed by the EU’s InvestEU program, the … Read the full press release

€97 Million Investment to Boost Sicily’s Renewable Energy with New Wind Farm

(IN BRIEF) The European Investment Bank (EIB) and Natixis CIB are providing €97 million in financing to Libeccio S.r.l. for a new wind farm in Mazara del Vallo, Sicily. With a capacity of 44.8 MW, the wind farm will provide … Read the full press release

Kaunas Secures €35 Million EIB Loan to Upgrade Heating System and Boost Renewable Energy

(IN BRIEF) Kaunas, Lithuania’s second-largest city, will modernize its district heating system using a €35 million loan from the European Investment Bank (EIB), supported by the European Commission’s InvestEU program. The project, led by utility company Kauno Energija, will upgrade … Read the full press release

Apollo Acquires Stake in bp’s Trans Adriatic Pipeline, Exploring Further Energy Collaboration

(IN BRIEF) Apollo Global Management has purchased a non-controlling stake in bp Pipelines TAP Limited, which holds bp’s 20% share in the Trans Adriatic Pipeline (TAP), for approximately $1 billion. While bp remains the controlling shareholder, this partnership allows bp … Read the full press release

SUEZ Invests in Purple Alternative Surface to Scale Up Plastic Recycling for Sustainable Paving Solutions

(IN BRIEF) SUEZ has made a strategic investment in French start-up Purple Alternative Surface, aiming to expand its production of permeable paving solutions made from non-recycled plastic waste. With SUEZ’s support, Purple will increase its production capacity to 200,000 m² … Read the full press release

Digi Communications N.V. announces that the Company’s Romanian subsidiary exercised its right to redeem the Senior Secured Notes due in 2025 in principal amount of €450,000,000

(IN BRIEF) Digi Communications N.V. announced that its Romanian subsidiary, Digi Romania S.A., has exercised its right to fully redeem €450 million worth of 2.50% Senior Secured Notes due in 2025. The redemption will take place on September 27, 2024, … Read the full press release

BASF Showcases Sustainable Innovation at WorldSkills Lyon 2024, Honors Top Car Painters

(IN BRIEF) At the WorldSkills Lyon 2024 competition, BASF Coatings highlighted its commitment to sustainability and talent development in the automotive sector. Using BASF’s eco-friendly Glasurit 100 Line, Yuto Hoshino from Japan won the gold medal in the Car Painting … Read the full press release

Merck and Siemens Forge Alliance to Accelerate the Future of Smart Manufacturing

(IN BRIEF) Merck and Siemens have signed a strategic partnership to accelerate digital transformation in manufacturing through smart, modular production systems. Siemens will become Merck’s preferred global supplier, providing advanced hardware and software solutions via the Siemens Xcelerator platform. The … Read the full press release

E.ON and Siemens Partner to Expand Public EV Charging Across Europe

(IN BRIEF) E.ON and Siemens have signed a global framework agreement to strengthen E.ON’s public charging infrastructure across Europe. The collaboration will deploy Siemens’ SICHARGE D high-power chargers and Sifinity Control backend system, optimizing network management and reliability. The agreement … Read the full press release

LME Taps Finance Veteran Robert Arbuthnott as New Chief Financial Officer

(IN BRIEF) The London Metal Exchange (LME) has appointed Robert Arbuthnott as its new Group Chief Financial and Administrative Officer, effective September 16, 2024. With over 30 years of experience in global financial services, Robert brings extensive expertise in finance … Read the full press release

Ericsson Teams with Global Telecom Giants to Drive 5G Innovation and Enterprise Digitalization

(IN BRIEF) At an exclusive event in Boston, Ericsson announced a major collaboration with leading telecom operators, including AT&T, Deutsche Telekom, and Verizon, to launch a global platform for network APIs. This initiative aims to accelerate enterprise digitalization through 5G … Read the full press release

Alaska DMV Partners with Thales to Launch Next-Gen Secure Driver’s Licenses and ID Cards

(IN BRIEF) The Alaska DMV has awarded Thales a new contract to provide secure, next-generation driver’s licenses and ID cards, featuring cutting-edge security technology. The polycarbonate cards, with laser-engraved translucent windows and biometric verification, are designed to prevent identity fraud … Read the full press release

Voith Group Appoints Dirk Hoke as Incoming CEO to Lead Global Growth

(IN BRIEF) Dirk Hoke has been appointed as the new CEO of Voith Group, effective by April 1, 2025. Hoke brings 30 years of leadership experience in industries such as aviation, automotive, and technology, including roles at Siemens and Airbus … Read the full press release

Heidelberg Materials Expands in Morocco with Strategic Acquisitions of Asment de Témara and Grabemaro

(IN BRIEF) Heidelberg Materials, through its subsidiary Ciments du Maroc, has acquired controlling stakes in Asment de Témara and 100% of Grabemaro, further strengthening its presence in Morocco’s growing market. The acquisition includes a cement plant, aggregates sites, and ready-mixed … Read the full press release

Six Industry Leaders Launch Sustainable Optical Fiber and Cable Industry Alliance (SOFIA)

(IN BRIEF) Six major companies—Borealis, Covestro, Heraeus, Nextrom, Teijin Aramid, and Umicore—have launched the Sustainable Optical Fiber and Cable Industry Alliance (SOFIA) to promote sustainability across the optical fiber and cable sector. SOFIA aims to improve transparency, communication, and standardized … Read the full press release

Swissport to Mandate Electric Ground Support Equipment from 2025 in Sustainability Push

(IN BRIEF) Swissport will require electric-powered vehicles for key ground support operations starting January 2025 as part of its goal to achieve 55% electric Ground Support Equipment (eGSE) by 2032. The company plans to invest over €1 billion in electric … Read the full press release

Otto Group Appoints David Heckel as New Vice President of Group Tax, Succeeding Peter Carstens

(IN BRIEF) The Otto Group has appointed David Heckel as Vice President of Group Tax, effective October 1, 2024. Heckel, currently head of Corporate Tax at Otto, will succeed Peter Carstens, who will retire in mid-2025 after 25 years of … Read the full press release

NIB and Kesko Sign €150 Million Sustainability-Linked Loan to Cut Emissions and Food Waste

(IN BRIEF) NIB and Kesko have signed a €150 million, 7-year sustainability-linked loan aimed at reducing Kesko’s greenhouse gas emissions and food waste. The loan’s interest rate is tied to Kesko’s progress on three key performance indicators: a 90% reduction … Read the full press release

European SOLiDIFY Project Develops Advanced Lithium-Metal Solid-State Battery for Electric Vehicles

(IN BRIEF) The SOLiDIFY consortium, part of the Horizon 2020 initiative, has developed a high-performance lithium-metal solid-state battery with an energy density of 1070 Wh/L, surpassing current lithium-ion batteries. This innovative “liquid-to-solid” electrolyte battery, produced at Belgium’s EnergyVille lab, offers … Read the full press release

SAMS Honors Exceptional Students at 2024 Graduation Ceremony

(IN BRIEF) SAMS celebrated its 2024 graduation, with Nele Thomsen named Student of the Year for her outstanding contributions to marine research during her studies. Thomsen, along with 44 other graduates, was recognized for her work on five research projects … Read the full press release

Alfa Laval Launches Innovative Heat Solutions to Power Sustainable Cities at Chillventa 2024

(IN BRIEF) Alfa Laval will introduce its latest energy-efficient heat exchangers for heat pumps at Chillventa 2024, aimed at supporting sustainable cities. These innovations, including the largest-capacity ammonia heat pump condenser and the SE range of brazed heat exchangers, focus … Read the full press release

FUCHS SE to Acquire Swiss Lubricant Specialist STRUB & Co. AG

(IN BRIEF) FUCHS SE has signed a letter of intent to acquire Swiss lubricant company STRUB & Co. AG as part of its strategy to expand its market presence in Switzerland. The acquisition will provide FUCHS with direct access to … Read the full press release

Benchmark Clinches Best Network Award for Third Straight Year at Money Marketing Awards

(IN BRIEF) Benchmark has won the Best Network award at the Money Marketing Awards 2024 for the third year in a row. The company was recognized for its innovative business model, advancements in technology, and its efforts in addressing Consumer … Read the full press release

Kapsch TrafficCom to Showcase Innovative Transportation Solutions at ITS World Congress 2024

(IN BRIEF) Kapsch TrafficCom will present its latest transportation innovations at the ITS World Congress 2024 in Dubai from September 16-20. The company will showcase cutting-edge solutions like satellite-based tolling, multi-lane free-flow tolling, and advanced traffic management systems. Visitors to … Read the full press release

Norway’s MaksGrid Project Targets 25% Boost in Power Grid Utilization

(IN BRIEF) The MaksGrid project, led by DNV and supported by the Pilot-E scheme, aims to increase Norway’s power grid utilization by 25% through innovative solutions like dynamic transmission limits and coordinated system control. The initiative, funded with NOK 26 … Read the full press release

Deutsche Bahn Sells DB Schenker to DSV in €14.8 Billion Deal

(IN BRIEF) Deutsche Bahn has agreed to sell its logistics subsidiary, DB Schenker, to Danish company DSV for €14.8 billion. The deal, expected to complete in 2025, will help Deutsche Bahn focus on its core rail business and reduce debt, … Read the full press release

Aegon Appoints Michele Bareggi as Chief Strategy and Growth Officer

(IN BRIEF) Aegon has appointed Michele Bareggi as its new Chief Strategy, Transformation & Growth Officer, effective November 1, 2024. Bareggi, with over 25 years of experience in the financial services industry, previously led significant growth at Athora and held … Read the full press release