(IN BRIEF) SAP has unveiled a series of enhancements to its spend management and business network solutions, incorporating generative AI into category management, introducing the SAP Spend Control Tower with advanced AI features, embedding AI-powered supplier risk assessment, and partnering … Read the full press release
Posted in Austria, Business, Industrial, Management, News, Technology
Tagged AI, innovations, Muhammad Alam, SAP, Scoutbee GmbH
(IN BRIEF) International technology group ANDRITZ is set to deliver a complete fiber preparation line for a groundbreaking greenfield plant in Egypt’s Toshka region. This pioneering facility, supported by ANDRITZ in partnership with WESER Industrie- und Anlagentechnik GmbH and DIEFFENBACHER … Read the full press release
(IN BRIEF) Effective from October 1, 2023, Felix Haar has assumed the role of Regional Director for Salzburg, responsible for UniCredit Bank Austria’s corporate banking business in the region. He succeeds Hartmut Staltner, who will transition to working on strategic … Read the full press release
Posted in Austria, Banks, Business, Financial, Industrial, Investment, Management, News
Tagged appointment, Corporate Banking Business, Dieter Hengl, Felix Haar, Hartmut Staltner, leadership, Salzburg, UniCredit Bank Austria
(IN BRIEF) Bosch Power Tools plans to purchase around 50% of FerRobotics Compliant Robot Technology GmbH, a global leader in contact-sensitive automation. The deal, signed on September 29, 2023, aims to expand Bosch Power Tools’ presence in the accessories market … Read the full press release
(IN BRIEF) Borealis and TotalEnergies are celebrating the successful start-up of their joint venture, Baystar’s new Borstar® polyethylene (PE) unit in Pasadena, Texas. Representing a significant investment of USD 1.4 billion, this state-of-the-art unit, referred to as Bay 3, doubles … Read the full press release
Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Baystar, Bernard Pinatel, Borealis, Borstar® polyethylene (PE) unit, partnership, Pasadena, petrochemical, polyethylene unit, sustainability, Texas, Thomas Gangl, TotalEnergies
(IN BRIEF) ÖBB Rail Cargo Group (RCG) in partnership with Ukrainian Railways (UZ) has launched the TransFER Vienna-Kyiv route, connecting Ukraine to RCG’s intermodal network, TransNET. The inaugural test train successfully transported non-craneable semi-trailers carrying building materials from Kyiv to … Read the full press release
Posted in Austria, Business, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, Ukraine
Tagged Intermodal Freight Transport, ÖBB Rail Cargo Group, partnership, sustainability, TransFER Route, Transnet, Ukrainian Railways
(IN BRIEF) Zhejiang Jingxing Paper Co., Ltd., a prominent Chinese packaging paper and household tissue manufacturer, has successfully initiated operations on a high-capacity deinking pulp (DIP) line supplied by ANDRITZ at its facility in Pinghu City, Zhejiang Province, China. This … Read the full press release
Posted in Austria, Business, Environment, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, DIP Line, efficiency, Mr. Li Liubai, partnership, Quality, sustainability, Zhejiang Jingxing Paper
(IN BRIEF) Equinor has entered into a new five-year gas sales agreement with OMV, Austria’s major energy company. Starting from October 1, this year, the deal involves an annual gas volume of 12 TWh, with delivery to OMV’s European portfolio … Read the full press release
Posted in Austria, Energy, Gas & Oil, Industrial, Norway
Tagged energy company, Equinor, gas sales agreement, Helge Haugane, OMV, Trading Hub Europe
(IN BRIEF) Vienna Stock Exchange has introduced three new thematic indices to reflect long-term investment trends in the Central and Eastern European (CEE) region. These indices are CECE Reshoring, CECE Commodity Producers, and CECE Clean Energy. CECE Reshoring comprises companies … Read the full press release
(IN BRIEF) ANDRITZ, a technology group known for processing various fibers in pulp and paper mills worldwide, has renewed its collaboration with Vienna’s Schönbrunn Zoo to provide specially prepared bamboo for the zoo’s giant pandas. In response to a unique … Read the full press release
Posted in Austria, Business, Environment, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, Bamboo Diet, Denis Jozic, Eveline Dungl, giant pandas, Laura Liukkonen, partnership, Schönbrunn Zoo, sustainability, Vienna, Yang Yang, Yuan Yuan
(IN BRIEF) voestalpine has launched an innovative brand campaign, featuring its employees as ambassadors who sing about their passions and roles in a rendition of “My Favorite Things.” This campaign highlights how voestalpine contributes to sustainability and modern living through … Read the full press release
(IN BRIEF) International technology group ANDRITZ has successfully commenced operations of a new carding machine and opening/blending line at Albis in Roasio, Vercelli, Italy. This investment marks a significant milestone for Albis in meeting evolving demands and producing innovative nonwoven … Read the full press release
Posted in Apparel, Fashion & Beauty, Austria, Business, Environment, Financial, Healthcare, Industrial, Investment, Management, News, Technology
Tagged ALBIS, Albis Curacell, Andritz, hygiène, investment, medical applications, Mr. Fabien Ravier, Mr. Gianni Boscolo, Nonwoven Innovation, partnership, sustainability
(IN BRIEF) The Lenzing Group, a leading provider of specialty cellulose fibers for textiles and nonwoven industries, has attained certification from the prestigious EU Ecolabel for its fibers produced at the Indonesian facility in Purwakarta (PT. South Pacific Viscose). This … Read the full press release
(IN BRIEF) The Zumtobel Group, comprising the brands Thorn, Tridonic, and Zumtobel, will participate in Light + Building 2024, the world’s leading trade fair for light and building technology. The event is scheduled to take place from March 3 to … Read the full press release
Posted in Austria, Business, Construction, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Media, News, Technology
Tagged Alfred Felder, exhibition, Frankfurt, innovative, Light + Building 2024, lighting solutions, partnership, sustainability, sustainable, Thorn, Tridonic, Zumtobel, Zumtobel Group
(IN BRIEF) The Salzgitter Group, a prominent player in the steel industry, has partnered with technology leader ANDRITZ to create one of Europe’s largest green hydrogen facilities as part of the SALCOS® program. ANDRITZ will build a 100 MW electrolysis … Read the full press release
Posted in Austria, Energy, Gas & Oil, Germany, Industrial, Metals and Minerals, Technology
Tagged Andritz, CO2-free steel production, Domenico Iacovelli, electrolysis plant, GREEN HYDROGEN, green hydrogen plants, green steel, green steel production, HydrogenPro, pressurized alkaline electrolyzer, SALCOS® program, Salzgitter Flachstahl GmbH, The Salzgitter Group, Ulrich Grethe
(IN BRIEF) Kapsch TrafficCom is expanding its production of on-board units (OBUs) for contactless toll collection in Vienna by over 30%, allowing for the manufacture of approximately 2 million OBUs annually. The expansion represents an investment of EUR 1.3 million. … Read the full press release
Posted in Austria, Automotive, Business, Industrial, Technology, Transportation & Logistics
Tagged automatic toll payment, contactless toll collection, Georg Kapsch, Go-Maut, Kapsch TrafficCom, OBUs, on-board units, sustainable mobility, toll booth, tolling, tolling services, traffic management, transportation solutions
(IN BRIEF) The Spanish city of Castelló is partnering with Kapsch TrafficCom to implement a Low Emission Zone (LEZ) in its central area to address air quality, noise, and congestion issues. The system will rely on number plate recognition, air … Read the full press release
Posted in Austria, Automotive, Business, Environment, Industrial, Infrastructure & Utilities, Management, News, Spain, Technology
Tagged Carolin Treichl, Castello, Kapsch TrafficCom, Low Emission Zone, partnership, sustainability
(IN BRIEF) ANDRITZ, a leading international technology group, has secured a major contract from ArcelorMittal in France to provide a cutting-edge reversible 6-high cold-rolling mill for processing high-grade non-oriented silicon steel strip (NGO) used in electric motors for e-mobility. This … Read the full press release
(IN BRIEF) As the new school year begins, Austrian curricula are introducing enhanced financial and economic education for fifth to eighth graders in secondary schools. The Vienna Stock Exchange is contributing to this initiative with its “börse4beginners” teaching material, offering … Read the full press release
(IN BRIEF) The Lenzing Group, a leading provider of specialty fibers for textiles and nonwovens, has invested over EUR 100 million since 2021 to upgrade its Purwakarta site in Indonesia. The company aims to convert existing production capacity to specialty … Read the full press release
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