Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Mercedes-Benz Extends Management Contracts of Key Executives and Proposes New Member for Supervisory Board

(IN BRIEF) During a recent Supervisory Board meeting, Mercedes-Benz Group AG announced the extension of management contracts for two key executives. Sabine Kohleisen, the Board Member for Human Resources & Labour Director, had her contract extended until November 30, 2025, … Read the full press release

Catherine Macaulay of Schroders Wins Young Professional of the Year Award at Environmental Finance Impact Awards

(IN BRIEF) Catherine Macaulay, the Impact Investment Lead at Schroders, has been honored with the Young Professional of the Year/Rising Star award at the Environmental Finance Impact Awards. The awards recognize the contributions of impact investors worldwide and showcase best … Read the full press release

Yara Expands Organic-Based Fertilizer Business with Acquisition of Agribios Italiana

(IN BRIEF) Yara, a global leader in agricultural solutions, has announced the acquisition of Agribios Italiana’s organic-based fertilizer business, strengthening its commitment to regenerative agriculture and soil health in Europe. By combining Agribios’ expertise in organic-based fertilizers with Yara’s reach … Read the full press release

Four New Members Join TU/e Young Academy of Engineering to Foster Collaboration and Innovation

(IN BRIEF) The TU/e Young Academy of Engineering (EYAE) has welcomed four new members who will serve a four-year term, contributing to the advancement of knowledge exchange, research funding, and closer collaborations between industry and the university. The new members … Read the full press release

Outokumpu Completes Share Repurchase Program: Acquires 170,090 Own Shares

(IN BRIEF) On December 12, 2023, Outokumpu has successfully completed its share repurchase program, buying back a total of 170,090 of its own shares on trading venues CEUX and XHEL. The repurchase program, which was announced on November 29, 2023, … Read the full press release

Outokumpu and Siemens Collaborate on World’s First Towards-Zero Stainless Steel for Sustainable Medium-Voltage Switchgear

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and Siemens, a technology company, have announced a partnership to use Outokumpu’s Circle Green®, a stainless steel variant with up to a 93% lower carbon footprint than the industry average, … Read the full press release

ANDRITZ to Deliver Second P-RC APMP Line to Dezhou Taiding for Pulp Production Expansion

(IN BRIEF) ANDRITZ, the international technology group, has secured an order from Dezhou Taiding New Material Science and Technology Co., Ltd. in China to provide a second chemi-thermomechanical (P-RC APMP) line for their mill in Pingyuan County, Shandong Province. The … Read the full press release

ORLEN Group Expands Renewable Energy Portfolio with 60 MW Onshore Wind Farm Acquisition

(IN BRIEF) ORLEN Wind 3, a subsidiary of the ORLEN Group, has entered into an agreement to purchase onshore wind farms from Octopus Renewables Infrastructure Trust PLC. These wind farms, located in the Provinces of Poznań and Szczecin, have a … Read the full press release

ORLEN-Led Joint Venture Secures EU Grant for Groundbreaking CO2 Marine Terminal in Poland

(IN BRIEF) A partnership involving ORLEN, Lafarge Cement S.A., and Air Liquide Poland has received a European Commission grant to develop project design documentation and supply chain feasibility studies for a carbon dioxide (CO2) marine terminal. This terminal project aligns … Read the full press release

Novozymes and Chr. Hansen Announce Future Name ‘Novonesis’ in Pursuit of Biosolutions Era

(IN BRIEF) Novozymes and Chr. Hansen have unveiled their new collective name, ‘Novonesis,’ symbolizing a fresh beginning in the world of biosolutions. This announcement marks a significant step towards the merger of the two companies. Novonesis, which means ‘A new … Read the full press release

EIB Commits to Supporting Refugees, Economic Resilience, and Social Inclusion at the 2023 Global Refugee Forum

(IN BRIEF) The European Investment Bank (EIB) has reiterated its dedication to addressing the needs of refugees, enhancing economic resilience in host and origin communities, and fostering social inclusion at the 2023 Global Refugee Forum. The EIB collaborated with partners … Read the full press release

EIB Approves €5 Billion Initiative to Support Wind Energy Manufacturing and €20.4 Billion for Diverse Investments Across Europe

(IN BRIEF) The European Investment Bank (EIB) Board of Directors has endorsed a €5 billion initiative aimed at bolstering wind energy equipment manufacturing companies as part of the European Wind Power Package. This strategic investment supports the transition to net … Read the full press release

Infineon Expands MOTIX™ Product Line for Automotive and Industrial Motor Control with New Gate Driver ICs

(IN BRIEF) Infineon Technologies AG has announced the expansion of its MOTIX™ product family, focusing on automotive and industrial motor control applications. The expansion introduces four new 2-channel MOTIX gate driver ICs, namely 2ED2742S01G, 2ED2732S01G, 2ED2748S01G, and 2ED2738S01G. These 160 … Read the full press release

ÖBB Rail Cargo Group Earns EcoVadis Gold Standard for Third Consecutive Year in CSR Excellence

(IN BRIEF) The ÖBB Rail Cargo Group (RCG) has been awarded the EcoVadis Gold Standard for corporate social responsibility (CSR) for the third consecutive year. This recognition places RCG in the top 1% of companies in the rail freight transport … Read the full press release

R&S Group and VT5 Make History with First Swiss SPAC on SIX Exchange

(IN BRIEF) R&S Group Holding AG (“R&S Group”) has successfully listed its shares on SIX Swiss Exchange with the ticker symbol RSGN. The initial market capitalization reached approximately CHF 267 million, with 25,901,413 registered shares issued at CHF 0.10 per … Read the full press release

VINCI’s Spanish Subsidiary Cobra IS Outlines Ambitious Growth Plans for Renewable Energy

(IN BRIEF) VINCI held a Capital Markets Day in Madrid dedicated to its Spanish subsidiary, Cobra IS, aiming to provide detailed insights into its business activities. Cobra IS specializes in a wide array of flow business activities and complex EPC … Read the full press release

EnBW’s Insolvency Plan for bmp greengas GmbH Approved by Creditors, Acquisition by VNG H&V Ensures Stable Future

(IN BRIEF) EnBW Energie Baden-Württemberg AG has received a broad majority approval from creditors for the insolvency plan of biomethane trader bmp greengas GmbH. EnBW, the sole bidder, submitted a binding offer in October to fund the insolvency plan, which … Read the full press release

Voith Group Achieves Robust Performance Amidst Challenging Environment, Prioritizes Sustainability and Growth

(IN BRIEF) The Voith Group has demonstrated resilience and achieved strong results during the 2022/23 fiscal year, navigating a challenging economic environment successfully. The company reported positive growth across key performance indicators, with orders received surpassing expectations at €6.14 billion, … Read the full press release

Singapore’s Trust Bank Partners with Thales to Launch Eco-Friendly Ocean Plastic® Payment Card

(IN BRIEF) Trust, Singapore’s first digitally-native bank, has achieved rapid growth since its launch in September 2022, with over 600,000 customers within one year, making it one of the world’s fastest-growing digital banks. In its commitment to environmental sustainability, Trust … Read the full press release

Thales Awarded Contract to Supply Advanced GM400α Radar System to Royal Malaysian Air Force

(IN BRIEF) Thales has been awarded a contract to supply the Royal Malaysian Air Force (RMAF) with the GM400α long-range radar system, including complete station infrastructure. The award ceremony, attended by the Ministers of Defence of Malaysia and France, followed … Read the full press release