(IN BRIEF) ANDRITZ, a global technology group, has finalized the acquisition of NAF AB’s business, bolstering its product range in process control and automation systems for pulp and paper mills and other industrial plants. This acquisition strengthens ANDRITZ’s Intelligent Instruments … Read the full press release
Posted in Austria, Business, Financial, Government, Industrial, Investment, Management, News, Sweden, Technology
Tagged acquisition, Andritz, Control Valve, Johanna Newcomb, NAF AB, partnership, sustainability, Sweden
(IN BRIEF) Vienna Insurance Group (VIG) reinforces its sustainability commitments by expanding its sustainability declarations in investment and underwriting and establishing its own “Group Sustainability Office” as part of the ongoing VIG 25 sustainability programme. The updated declarations outline stringent … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News
Tagged Declarations, Financial, HARTWIG LÖGER, investment, sustainability, Sustainability Office, Vienna Insurance Group
(IN BRIEF) The European Investment Bank (EIB) has released a report by the Vienna Initiative working group, titled “Greening the financial sector: A Central, Eastern and South-Eastern European perspective.” The report underscores the pivotal role of the financial sector in … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Ambroise Fayolle, Austria, CESEE, Debora Revoltella, EIB, Financial, green transition, partnership, SMEs, sustainability
(IN BRIEF) Meisheng Group has initiated operations of a new ANDRITZ needlepunch line at its facility in Shaoxing City, Zhejiang Province, enhancing its production capabilities to meet the rising demand for synthetic suede, especially in New Energy Vehicles (NEVs). This … Read the full press release
Posted in Austria, Automotive, Business, Environment, Financial, Government, Industrial, Investment, Management, News, Technology
Tagged Andritz, CHINA, Meisheng Group, Mr. Qian Guochun, needlepunch line, partnership, sustainability, Synthetic Suede Production
(IN BRIEF) Eviden, a leading digital, cloud, big data, and security provider within the Atos Group, has unveiled its new facility, the Eviden Mission Critical Systems Technology Center, situated in Prottes, Lower Austria. This inauguration underscores Eviden’s dedication to advancing … Read the full press release
(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core business, yielding total proceeds of nearly EUR 11 million with full realization of variable purchase price components. The sale includes Kapsch TrafficCom’s stake in Traffic … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Financial, Georg Kapsch, investment, Kapsch TrafficCom AG
(IN BRIEF) Kapsch TrafficCom has been awarded a contract by the Swiss Federal Office for Customs and Border Security (BAZG) to provide and manage the heavy goods vehicle (HGV) road fee collection system until at least the end of 2032. … Read the full press release
(IN BRIEF) Renewable energy company Drax has selected international technology group ANDRITZ as the main contractor for the upgrade of its Cruachan pumped storage power plant in Scotland. The project entails the installation of two new generating units, including pump … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Andritz, Cruachan Pumped Storage Plant, Dominik Fust, Drax, partnership, Penny Small, Renewable Energy Capacity, sustainability, UK
(IN BRIEF) International technology group ANDRITZ has completed the upgrade of the combustion system on a through-air drying (TAD) tissue machine at Essity’s paper mill in Prudhoe, marking the third such upgrade for the global hygiene and health company. The … Read the full press release
Posted in Austria, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged Andritz, Essity, Gianni Pellini, Lee Mc Donald, paper mill, partnership, Prudhoe, sustainability, Sweden
(IN BRIEF) The Lenzing Group announces the Lenzing Young Scientist Award at the Dornbirn Global Fiber Congress (GFC) from September 11 to 13, 2024, aimed at bachelor and master students focusing on ecological challenges in the fiber and textile industry. … Read the full press release
Posted in Austria, Awards, Business, Environment, Industrial, Management, Media, News, Science, Technology
Tagged Awards, fiber, Gert Kroner, INNOVATION, Lenzing Group, sustainability, textile industry, Young Scientist Award
(IN BRIEF) TOMRA, in collaboration with OMV and Borealis, is advancing plastic recycling by supplying high-quality raw materials from mixed post-consumer plastic waste. Through long-term feedstock supply agreements, TOMRA’s innovative sorting facility in Germany will provide clean fractions of specific … Read the full press release
Posted in Austria, Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged Borealis, Craig Arnold, Daniela Vlad, Germany, OMV, partnership, Plastic Recycling Gaps, sustainability, TOMRA, Volker Rehrmann
(IN BRIEF) Kurt Satzinger assumes leadership of voestalpine’s Research and Development (R&D) division, succeeding Franz Androsch, who retires after a distinguished tenure. With voestalpine’s robust commitment to innovation, Satzinger, equipped with extensive experience within the company, is poised to spearhead … Read the full press release
Posted in Austria, Business, Industrial, Management, Media, News, Science, Technology
Tagged appointment, digital, Franz Androsch, Herbert Eibensteiner, INNOVATION, Kurt Satzinger, leadership, R&D, Resource-Efficient Solutions, voestalpine
(IN BRIEF) International technology group ANDRITZ has announced satisfactory business development in the first quarter of 2024, with stable profitability despite a slight decrease in revenue. While total order intake declined from the previous year’s high, orders for green technologies … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, economic challenges, Financial, investment, Joachim Schönbeck, profitability
(IN BRIEF) International technology group ANDRITZ has secured an order from PT. Pabrik Kertas Indonesia (PT. Pakerin) to revamp two existing OCC lines at its mill in Surabaya, Indonesia. The overhaul aims to significantly enhance pulp quality, boosting competitiveness, operational … Read the full press release
Posted in Austria, Business, Environment, Financial, Government, Industrial, Investment, Management, News, Technology
Tagged Andritz, Indonesia, OCC Lines, partnership, PT. Pakerin, Suryomurti, sustainability
(IN BRIEF) Pinellas County, Florida, has chosen Kapsch TrafficCom to lead a project aimed at improving mobility and safety with advanced technology solutions, backed by a USD 4.6 million grant from the Federal Highway Administration. With Pinellas County facing significant … Read the full press release
Posted in Austria, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged Dr. Jeff Adler, Kapsch TrafficCom, mobility, partnership, Pinellas County, safety, sustainability, USA
(IN BRIEF) ANDRITZ, an international technology group, and Trinity Touch Pvt. Ltd., a leading provider of electrical monitoring solutions for solar power plants, have joined forces in a strategic partnership aimed at enhancing efficiency and security in the solar energy … Read the full press release
(IN BRIEF) Metsä Group partners with ANDRITZ to conduct a pre-study for a groundbreaking commercial mill dedicated to producing Kuura textile fiber, a sustainable product derived from Finnish wood. This collaboration aims to develop innovative pulp pre-treatment methods, integrate textile … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Government, Industrial, Investment, News, Technology
Tagged Andritz, Finland, Kari Tuominen, Kuura Fiber Production, Metsä Group, Niklas von Weymarn, partnership, sustainability
(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
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