(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release
Posted in Austria, Banks, Business, Czech Republic, Economy, Environment, Financial, France, Germany, Government, Hungary, Industrial, Investment, Italy, Lithuania, Luxembourg, Management, News, Slovakia
Tagged Austria, Czech Republic, EIB, Europe, France, Germany, Hungary, investment, Italy, Lithuania, Nadia Calviño, partnership, Slovakia, sustainability, sustainable development
(IN BRIEF) On April 24, 2024, ANDRITZ, a global leader in technology solutions, will host a webinar titled “Competitive Edge in Tissue: Utilizing Digitalization and AI.” The event promises to delve into the transformative potential of digital trends in tissue … Read the full press release
Posted in Artificial Intelligence (AI), Austria, Business, Financial, Industrial, Investment, Management, Media, News, Technology
Tagged AI Integration, Andritz, digitalization, Georg Krogger, Neeraj Nagpal, tissue production, webinar
(IN BRIEF) ANDRITZ, an international technology group, has acquired a 13.8% stake in HydrogenPro, a Norwegian company specializing in pressurized alkaline electrolyzers for green hydrogen production. This acquisition builds upon the strategic partnership established between the two companies in the … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, News, Norway, Technology
Tagged acquisition, Andritz, HydrogenPro, Joachim Schönbeck, Norway, partnership, sustainability
(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have collaborated with Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) to facilitate SME lending in Austria through a pioneering synthetic securitisation transaction. This landmark transaction, the … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Security & Safety, Small Business
Tagged Austria, EIB, EIF, Erste Bank, Hans Unterdorfer, Marjut Falkstedt, partnership, SME, sustainability, synthetic securitisation, Thomas Östros
(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have joined forces to provide Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a €49 million guarantee for a synthetic securitisation transaction, marking Austria’s first such … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Austria, EIB Group, EIF, Erste Bank, Hans Unterdorfer, Marjut Falkstedt, partnership, SME, sustainability, Thomas Östros
(IN BRIEF) In a strategic partnership, ANDRITZ, an international technology group, and Microsoft are collaborating to redefine the future of the process industry. This collaboration aims to pioneer fully autonomous factories and establish a trusted data ecosystem utilizing the ANDRITZ … Read the full press release
Posted in Austria, Business, Financial, Government, Industrial, Investment, Management, News, Technology
Tagged Andritz, Data Trust, factories, Joachim Schönbeck, Manufacturing, Microsoft, partnership, Ralph Haupter, Rohit Pant, sustainability
(IN BRIEF) In a bid to accelerate the transition towards a circular economy, Borealis has announced a significant investment of EUR 4.5 million in the cracker furnaces of its Porvoo site. This investment aims to increase the utilization of renewable … Read the full press release
(IN BRIEF) Borealis announces the successful acquisition of Integra Plastics AD, a Bulgarian advanced mechanical recycling player, solidifying its position in the circular economy landscape. Integra Plastics’ state-of-the-art recycling plant, with an annual capacity exceeding 20,000 tons, significantly bolsters Borealis’ … Read the full press release
(IN BRIEF) Borealis has received Letters of No Objection (LNOs) from the US Food & Drug Administration (FDA) for specific grades of its Borcycle™ M post-consumer recycled plastics (PCR) to be used in food-grade packaging. This milestone underscores Borealis’ commitment … Read the full press release
(IN BRIEF) Borealis and AKVA Group have collaborated to introduce a groundbreaking innovation in sustainable aquaculture: the world’s first workboat hull crafted from renewable plastic. Utilizing Borealis’ Bornewables™ range of renewable polyolefins, AKVA Group’s iconic Polarcirkel series now boasts a … Read the full press release
Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, News, Norway, Transportation & Logistics
Tagged AKVA Group, aquaculture, Borealis, Freddy Bakken Braseth, John Webster, Norway, partnership, Renewable Plastic Workboat Hull, sustainability
(IN BRIEF) OMV has unveiled its Sustainability Report 2023, providing insights into the company’s management and performance across key Environmental, Social, and Governance (ESG) aspects. Aligned with the UN 2030 Agenda for Sustainable Development and OMV Strategy 2030, the report … Read the full press release
Posted in Austria, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News
Tagged Alfred Stern, Financial, investment, OMV, Sustainability Report 2023
(IN BRIEF) Despite economic challenges, Wienerberger had a successful business year in 2023, boasting revenues of €4.2 billion and operating EBITDA of €811 million. The company’s resilience is attributed to its robust performance in infrastructure and renovation sectors, along with … Read the full press release
Posted in Austria, Business, Construction, Economy, Environment, Financial, Industrial, Investment, Management, News
Tagged acquisitions, Financial, Heimo Scheuch, investment, sustainability, Wienerberger
(IN BRIEF) UniCredit, a prominent banking institution, is set to participate in the “WWF Earth Hour” initiative on March 23, 20.30 local time, for the 18th consecutive year. The bank will switch off lights in 33 of its buildings across … Read the full press release
Posted in Austria, Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, Media, News
Tagged Fiona Melrose, Robert Zadrazil, sustainability, UNICREDIT, WWF Earth Hour
(IN BRIEF) International technology group ANDRITZ has secured an order from Lignatherm AG to provide a pressurized refining system for a new insulation board production facility in Küssnacht am Rigi, Switzerland. Set to utilize locally sourced wood chips exclusively, the … Read the full press release
(IN BRIEF) Metsä Group has announced plans to build a demo plant for lignin refining at its Äänekoski bioproduct mill, with equipment supplied by ANDRITZ. Scheduled for completion in late 2025, the plant aims to refine lignin, a substance in … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, Finland, Ismo Nousiainen, Kari Tuominen, lignin, Lignin Refining Demo Plant, Metsä Group, partnership, Raquel Fortes, sustainability
(IN BRIEF) Austrian Federal Railways (ÖBB) has launched its first Railjet of the new generation, marking a significant advancement in rail travel comfort. Developed and built by Siemens Mobility, these innovative trains boast numerous features aimed at enhancing passenger experience … Read the full press release
Posted in Austria, Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, Travel
Tagged Albrecht Neumann, Andreas Matthä, Austria, ÖBB, partnership, Rail Travel Comfort, Railjet, Siemens, sustainability
(IN BRIEF) The Vienna Stock Exchange’s supervisory board has affirmed its commitment to stability and continuity by reappointing Andrea Herrmann as Chief Financial Officer (CFO) during its recent meeting. Herrmann, who has been a member of the management board since … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Investment, Management, News
Tagged Andrea Herrmann, CFO, Christoph Boschan, Petr Koblic, Vienna Stock Exchange
(IN BRIEF) Project STOP, a collaboration between Borealis and Systemiq, has achieved significant milestones in its mission to improve waste management in Indonesia. Since its inception, over 400,000 individuals have gained access to waste services, leading to the collection of … Read the full press release
Posted in Austria, Business, Chemicals, Environment, Financial, Government, Industrial, Investment, Management, News
Tagged Banyuwangi, Ben Dixon, Borealis, Indonesia, Ipuk Fiestiandani, partnership, Project STOP, sustainability, SYSTEMIQ, Thomas Gangl, waste management
(IN BRIEF) International technology group ANDRITZ has secured a turn-key order from Northwood Tissue Ltd. to implement a state-of-the-art PrimeDry Hood and air system for a tissue machine rebuild in Chesterfield, Derbyshire, England. Scheduled for completion in the third quarter … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) is injecting €40 million into German-Austrian PropTech GROPYUS to advance the construction of sustainable and affordable homes across Europe. GROPYUS specializes in employing digitalized, fully automated, and industrialized processes to produce multi-storey wooden … Read the full press release
Posted in Austria, Banks, Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Real Estate
Tagged Austria, EIB, Europe, GROPYUS, housing, Markus Fuhrmann, Nicola Beer, partnership, sustainability
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