Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Record-Breaking Year for European Offshore Wind in 2023, With Positive Outlook and Investments

(IN BRIEF) Europe experienced a remarkable year in offshore wind energy in 2023, witnessing a record 4.2 GW of new offshore wind farms coming online, marking a 40% increase from the previous year. Investments of €30 billion were confirmed for … Read the full press release

Nordic Investment Bank’s Environmental Bonds Draw Over EUR 1.3 Billion in Investor Interest

(IN BRIEF) The Nordic Investment Bank (NIB) launched a seven-year fixed-rate EUR 500 million Environmental Bond (NEB) on January 17th, with proceeds earmarked for environmentally beneficial projects. This issuance brings NIB’s total green bond issuance for 2024 to EUR 570 … Read the full press release

UniCredit Achieves Top Employer Certifications Across Europe for Eighth Consecutive Year

(IN BRIEF) UniCredit has received certification from the Top Employers Institute for the eighth consecutive year, highlighting its commitment to employee well-being and excellence in HR policies. The European-level Top Employer Certification was awarded based on local certifications in Bulgaria, … Read the full press release

AI Governance Alliance Releases Comprehensive Reports on Responsible AI Development and Access

(IN BRIEF) The AI Governance Alliance (AIGA) has published three significant reports addressing advanced artificial intelligence (AI) topics, including generative AI governance, responsible AI development, and deployment frameworks. AIGA, a collaborative initiative involving governments, businesses, and experts, seeks to ensure … Read the full press release

Lenovo’s Yoga Pro 9i Laptop Achieves “Perceptual Color Volume” Certification from TÜV Rheinland

(IN BRIEF) TÜV Rheinland Group, a renowned third-party testing, inspection, and certification organization, has awarded its “Perceptual Color Volume” Certification to Lenovo’s new Yoga Pro 9i (16″, 9) laptop, which was unveiled at CES. This cutting-edge laptop boasts a Mini … Read the full press release

Only 17 Companies Worldwide Hold ‘Top Employer Global’ Certification, Saint-Gobain Among Them

(IN BRIEF) Saint-Gobain has been awarded the prestigious “Top Employer Global” certification for the ninth consecutive year, a distinction held by only 17 companies worldwide. Claire Pedini, Senior Vice President of Human Resources and Corporate Social Responsibility at Saint-Gobain Group, … Read the full press release

European Investment Bank Subscribes €100 Million to Inaugural Green Social Bonds by in’li for Affordable Housing

(IN BRIEF) The European Investment Bank (EIB) has invested €100 million in the inaugural issue of green social bonds by in’li, a subsidiary of the Action Logement Group focused on affordable rental housing in Île-de-France. These funds will be dedicated … Read the full press release

Outokumpu Concludes Change Negotiations, Temporarily Restricts Ferrochrome Production

(IN BRIEF) Outokumpu has successfully concluded its change negotiations, which involved the temporary restriction of ferrochrome production at its facilities in Tornio, Finland. This decision entails the closure of one ferrochrome furnace and one sintering plant until autumn 2024. Initially … Read the full press release

Outokumpu Completes Share Buyback Program, Acquiring 281,802 Treasury Shares

(IN BRIEF) On January 17, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully concluded its share buyback program, repurchasing a total of 281,802 of its own shares across various trading venues. The company had initiated the program on November 29, … Read the full press release

Norsk Hydro Completes Share Buyback Program, Boosting Equity Stake to 1.53%

(IN BRIEF) Norsk Hydro ASA has successfully concluded its share buyback program, which began on September 22, 2023, and concluded on February 29, 2024. The program resulted in the acquisition of a total of 31,255,117 shares, equivalent to 1.53% of … Read the full press release

Saab Secures SEK 300 Million Contract for Mobile Short Range Air Defence Solution in Sweden

(IN BRIEF) Saab has been awarded a contract worth approximately SEK 300 million from the Swedish Defence Materiel Administration (FMV) for its Mobile Short Range Air Defence (MSHORAD) solution. The contract, spanning 2024 to 2026, will see the deployment of … Read the full press release

PGNiG Upstream Norway Expands License Portfolio with Ten New Exploration Areas in Norwegian Continental Shelf

(IN BRIEF) PGNiG Upstream Norway AS (PUN), a subsidiary of the ORLEN Group, has secured ten new license areas for exploration on the Norwegian Continental Shelf through the Awards in Predefined Areas (APA) for 2023. PUN will act as the … Read the full press release

Rheinmetall Secures Multi-Million Euro Order for Engine Components in Heavy Transport Segment

(IN BRIEF) Rheinmetall, a leading tech enterprise, has received a significant order for rocker arm bushings, engine components used in various heavy transport segment engine variants, from a renowned global vehicle manufacturer. This order, valued in the lower-two-digit million-euro range … Read the full press release

Rheinmetall Secures €350 Million Contract to Supply Ammunition for German Puma Infantry Fighting Vehicle

(IN BRIEF) The German Bundeswehr has awarded Rheinmetall a contract worth over €350 million to produce and deliver several hundred thousand rounds of 30mm x 173 DM21 service ammunition for the Puma infantry fighting vehicle. This contract, part of an … Read the full press release

CO-RO Chooses Alfa Laval’s Sustainable Juice Mixing Plant for Enhanced Efficiency

(IN BRIEF) Denmark’s renowned beverage and home-freeze ice lolly producer, CO-RO, has selected Alfa Laval to provide a complete juice mixing plant for its processing facility in Frederikssund, Denmark. Sustainability plays a pivotal role in this collaboration, as food and … Read the full press release

Evonik Launches VISIOMER® HEMA-P 100: An Innovative Flame Retardant Monomer

(IN BRIEF) Evonik has introduced VISIOMER® HEMA-P 100, a groundbreaking phosphate methacrylate monomer known for its nonmigratory and long-lasting effects. This innovative monomer enhances transparency while providing flame retardancy, improved adhesion, and corrosion reduction. It serves as an effective adhesion … Read the full press release

Evonik Appoints Dr. Max Preisenberger as Head of Catalysts Business Line

(IN BRIEF) Evonik has named Dr. Max Preisenberger as the new head of its Catalysts business line, succeeding the retired Sanjeev Taneja. Dr. Preisenberger, who previously oversaw Finance and Strategy in the Specialty Additives division, brings a strong background in … Read the full press release

Covestro Partners with Encina for Circular Chemicals Supply in Sustainability Drive

(IN BRIEF) Covestro, a leading global high-performance polymer company, has entered into a long-term supply agreement with Encina, a US-based producer of ISCC PLUS certified circular chemicals. Encina will supply Covestro with chemically recycled circular feedstock derived from post-consumer end-of-life … Read the full press release

Maersk and Hapag-Lloyd Announce ‘Gemini Cooperation’ for Enhanced Ocean Network

(IN BRIEF) Maersk and Hapag-Lloyd, two major shipping companies, have unveiled a new operational collaboration named the “Gemini Cooperation,” set to commence in February 2025. The partnership aims to provide a flexible and highly reliable ocean network, with a combined … Read the full press release

ABN AMRO Extends Partnership with Esther Vergeer Foundation to Promote Inclusivity in Sports for Children with Disabilities

(IN BRIEF) ABN AMRO has announced an extension of its partnership with the Esther Vergeer Foundation for an additional two years, continuing their joint efforts to enable children with physical disabilities and chronic conditions to engage in sports and experience … Read the full press release