Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Outokumpu Completes Share Repurchase Program, Acquiring Over 144,000 Shares

(IN BRIEF) On January 12, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 144,091 of its own shares from various trading venues at an average price of EUR 4.09 per share, totaling EUR 588,853.23. This buyback … Read the full press release

Outokumpu Completes Share Repurchases, Totaling 223,307 Shares and Nearing Program Limit

(IN BRIEF) On January 11, 2024, Outokumpu announced the successful completion of its share repurchase program, buying back a total of 223,307 of its own shares across various trading venues at a weighted average price of EUR 4.04 per share, … Read the full press release

Siemens and Voltaiq’s Synergy for Battery Industry Advancement

(IN BRIEF) Siemens Digital Industries Software has joined forces with Voltaiq to revolutionize battery manufacturing, addressing the increasing demand for battery-powered products. The collaboration combines Siemens’ Insights Hub™ and Voltaiq’s Enterprise Battery Intelligence™ to offer unmatched capabilities for battery-focused companies. … Read the full press release

Evonik Honored with Cefic Responsible Care® Award for Sustainable Biosurfactants

(IN BRIEF) Evonik has been awarded the Responsible Care® Award by the European Chemical Industry Council (Cefic) in the “Safe and Sustainable Chemicals” category for its innovative glycolipid biosurfactants platform. The company’s glycolipid biosurfactants, developed using biotechnology, are recognized for … Read the full press release

Hydro Tests Emission-Free Plasma Technology to Revolutionize Aluminium Production

(IN BRIEF) Hydro, a leading aluminium producer, is making significant strides in its quest to achieve zero CO2 emissions in aluminium production. The company is testing emission-free plasma technology in its Sunndal casthouse, aiming to electrify the energy-intensive aluminium remelting … Read the full press release

Rheinmetall’s Skyranger 30 Air Defence System Progresses Towards Series Production

(IN BRIEF) Rheinmetall’s mobile Skyranger 30 air defence system has achieved a significant milestone as it moves closer to series production. The successful testing and live-fire campaign of the Skyranger 30 A1 configuration in December 2023 marked an important step … Read the full press release

University of Exeter Receives Multiple Athena Swan Awards for Gender Equality Commitment

(IN BRIEF) The University of Exeter has received recognition for its dedication to gender equality across various departments in the latest Athena Swan Charter Awards round. Five departments, including Health and Care Professions, University of Exeter Medical School, Ecology and … Read the full press release

Losinger Marazzi Secures Four Sustainable Building Projects Worth €410 Million in Switzerland

(IN BRIEF) Bouygues Construction’s Swiss subsidiary, Losinger Marazzi, has been awarded four building projects in Switzerland with a combined value of 401 million Swiss francs (€410 million). These projects are dedicated to sustainability and low-carbon solutions, aligning with the country’s … Read the full press release

Prudential Announces Exclusive 10-Year Bancassurance Partnership with CIMB Thai Bank in Thailand

(IN BRIEF) Prudential plc has revealed that Prudential Life Assurance (Thailand) Public Company Ltd (PLT) has entered into a decade-long bancassurance partnership with CIMB Thai Bank Public Company Limited (CIMB Thai), establishing PLT as the exclusive life insurance partner for … Read the full press release

DAF Trucks’ Harald Seidel Elected Chairman of ACEA Commercial Vehicle Board for 2024

(IN BRIEF) Harald Seidel, the President of DAF Trucks, has been chosen as the Chairman of the Commercial Vehicle Board of the European Automobile Manufacturers’ Association (ACEA) for the year 2024. Seidel highlighted the transformative year ahead for the European … Read the full press release

Leadec Expands Operations to Spain and Portugal, Offering Integrated Facility Management Services

(IN BRIEF) Leadec, a global service specialist for factories throughout their life cycle, is extending its presence to Spain and Portugal, increasing its reach to 16 countries. The expansion allows industrial companies in the Iberian Peninsula to access Leadec’s technical … Read the full press release

Siemens Enhances eMobility Portfolio with Acquisition of Heliox, a Leader in DC Fast Charging Solutions

(IN BRIEF) Siemens AG has successfully acquired Heliox, a renowned provider of DC fast charging solutions for eBus, eTruck fleets, and passenger vehicles. The Netherlands-based Heliox, with around 330 employees, brings a range of charging products from 40 kW to … Read the full press release

VINCI Energies and Senelec Secure €200 Million Contract for Senegal’s Energy Infrastructure

(IN BRIEF) VINCI Energies and Senelec, in partnership with the French government, have signed a €200 million contract for a major electricity transmission and distribution project in Senegal. The project aims to build 1,350 km of high-voltage and very-high-voltage transmission … Read the full press release

Outokumpu and Metalshub Join Forces to Revolutionize Raw Material Procurement

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is expanding its partnership with Metalshub, a leading raw material procurement solution provider, to digitize its raw material sourcing operations. The collaboration aims to enhance supply chain traceability and … Read the full press release

EBRD Achieves Record Investments of €13.1 Billion in 2023, Focusing on Green Economy and Crisis Response

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) announced a significant milestone by delivering a record €13.1 billion in investments in 2023, marking a year of achievements and challenges. The bank reported record levels of investments, green financing, … Read the full press release

EBRD Launches Innovative Guarantee for Growth Facility with Raiffeisen Bank to Boost SME Financing in Kosovo

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced its first Guarantee for Growth (G4G) facility, providing Raiffeisen Bank in Kosovo with a guarantee of up to €20 million over three years, linked to the bank’s domestic … Read the full press release

EIB Provides €150 Million Guarantee to novobanco for €300 Million in New Loans to Boost Portuguese Mid-Caps and Public Sector

(IN BRIEF) novobanco has entered into a contract with the European Investment Bank (EIB) for a €150 million guarantee, significantly enhancing its financing capabilities. This guarantee enables novobanco to share 50% of the risk for new loans provided to Portuguese … Read the full press release

Groupe BPCE and EIB Join Forces to Provide €300 Million for Green Transition of SMEs and Mid-Caps

(IN BRIEF) Groupe BPCE and the European Investment Bank (EIB) have collaborated to offer a €300 million package aimed at facilitating the green transition of small and medium-sized enterprises (SMEs) and mid-cap companies. This partnership enables Groupe BPCE to provide … Read the full press release

Millennium bcp and EIB Join Forces to Boost Portuguese Mid-Cap Financing with €400 Million Guarantee

(IN BRIEF) Millennium bcp and the European Investment Bank (EIB) have inked a guarantee agreement aimed at facilitating access to financing for Portuguese mid-cap companies, particularly in the face of high interest rates, a challenging operational environment, and reduced credit … Read the full press release

Škoda Auto to Elevate In-Vehicle Experience with AI-Based ChatGPT Integration in Laura Voice Assistant

(IN BRIEF) Škoda Auto is integrating the AI-based chatbot ChatGPT into its Laura voice assistant, enhancing the in-vehicle experience for customers. The chatbot, powered by Cerence Chat Pro, will be available in Škoda models based on MEB GP and MQB … Read the full press release