Category Archives: Business

Business Press Releases & News distributed via EuropaWire

ABP Acquires Key Land Parcel for Future-Proofing Humber Ports and Business Growth

(IN BRIEF) Associated British Ports (ABP) has taken a significant step in its property strategy by acquiring the freehold of a 227.5-acre site known as Stallingborough Interchange. This acquisition underscores ABP’s commitment to expanding its commercial port opportunities, encompassing automotive, … Read the full press release

ABP Appoints Lex Hanham to Drive UK Clean Energy Transition Efforts

(IN BRIEF) In preparation for an active and sustainable 2024, Associated British Ports (ABP) has welcomed Lex Hanham to its Business Development team, where she will lead initiatives aimed at accelerating the UK’s clean energy transition. With over 15 years … Read the full press release

Terna Achieves Historic Fourth Consecutive Top Spot in Webranking Europe 500 for Digital Communication Excellence

(IN BRIEF) Italian power grid operator Terna, under the leadership of Giuseppina Di Foggia, has achieved an unprecedented feat by ranking first in the 2023-2024 edition of “Webranking Europe 500,” a prestigious continental ranking that evaluates the quality and transparency … Read the full press release

Barry Callebaut’s Sweet Success: One Year of Chocolate Manufacturing in Casablanca, Morocco

(IN BRIEF) Barry Callebaut, a prominent chocolate manufacturer, has celebrated the one-year anniversary of its chocolate and compound factory in Casablanca, Morocco. The factory, established in partnership with Attelli SARL, has become a hub for manufacturing excellence and innovation in … Read the full press release

Ørsted’s Historic Carbon Capture Project in Denmark Takes Flight

(IN BRIEF) Ørsted has commenced construction on two carbon capture facilities at the Asnæs Power Station and Avedøre Power Station in Denmark, marking the country’s inaugural full-scale carbon capture endeavor. This project, backed by a 20-year contract from the Danish … Read the full press release

Roche to Acquire Carmot Therapeutics for USD 2.7 Billion, Expanding Its Portfolio in Obesity Treatment

(IN BRIEF) Roche, a leading pharmaceutical company, has announced its definitive merger agreement to acquire Carmot Therapeutics, a privately owned US-based company specializing in obesity treatment and related metabolic diseases. The acquisition includes Carmot’s portfolio of clinical stage subcutaneous and … Read the full press release

Philippines Joins Global Blue Carbon Conservation Drive at COP28

(IN BRIEF) In a significant environmental initiative, the Philippines’ Department of Environment and Natural Resources has announced its participation in the World Economic Forum’s Blue Carbon Action Partnership during COP28. This partnership aims to accelerate the restoration and conservation of … Read the full press release

BT Group and AbilityNet Host ‘The 12 Scams of Christmas’ Webinar to Safeguard Online Users During the Festive Season

(IN BRIEF) BT Group, in collaboration with the charity AbilityNet, is calling on individuals to participate in “The 12 Scams of Christmas” webinar, a crucial initiative aimed at enhancing online safety during the holiday season. With scammers frequently targeting vulnerable … Read the full press release

Nordic Investment Bank (NIB) Unveils Ambitious Climate Strategy at COP28

(IN BRIEF) In a groundbreaking move at COP28, the Nordic Investment Bank (NIB) has introduced a robust climate strategy, pledging to chart a sustainable future. This forward-looking strategy commits NIB to concrete, science-based targets aligned with the Paris Agreement, with … Read the full press release

Thales Completes Early Acquisition of Imperva, Creating Global Cybersecurity Leader

(IN BRIEF) Thales, the global technology company, has successfully completed the acquisition of Imperva ahead of schedule, marking a significant milestone in the company’s cybersecurity expansion plans. The acquisition positions Thales as a worldwide leader in cybersecurity, with a team … Read the full press release

Professor Laura Bojke Appointed Inaugural Chair of WHO Advisory Group on Economics for Climate, Environment, and Health

(IN BRIEF) Professor Laura Bojke, an esteemed expert in health economics from the University of York’s Centre for Health Economics, has been named the Inaugural Chair of the World Health Organization (WHO) Advisory Group on Economics for Environment, Climate Change, … Read the full press release

KPN Expands Fiber Network Coverage with Acquisition of Kabeltex

(IN BRIEF) On November 30, 2023, KPN finalized its acquisition of Kabeltex, a company owning fiber networks and functioning as an internet service provider in Texel and the northern region of North Holland. Kabeltex boasts full fiber coverage on Texel … Read the full press release

Vestas and DTEK Collaborate to Expand Tyligulska Wind Project in Ukraine

(IN BRIEF) In a significant move during COP28, Vestas and DTEK have signed a Memorandum of Understanding (MOU) to advance the second phase of the Tyligulska wind project in southern Ukraine. This MOU outlines their intention to develop an additional … Read the full press release

ANDRITZ Successfully Launches Cutting-Edge Fiberline and Lime Kiln Plant in China

(IN BRIEF) International technology group ANDRITZ has successfully initiated operations at a cutting-edge fiberline and lime kiln plant located within Nanning Sun Paper’s pulp and paper mill in Guangxi Province, China. This achievement marks a significant milestone for the project, … Read the full press release

Vestas Secures 46 MW Repowering Order for Eurus Kamaishi Wind Farm in Japan

(IN BRIEF) Vestas, a leading wind turbine manufacturer, has received a repowering order from Eurus Energy Holdings Corporation for the Eurus Kamaishi Wind Farm in Japan’s Iwate prefecture. The 46 MW order includes the supply and installation supervision of 11 … Read the full press release

Hydro Completes $1.11 Billion Sale of Stake in Brazilian Alumina Refinery and Bauxite Producer

(IN BRIEF) Norwegian aluminum company Hydro has successfully concluded a $1.11 billion transaction involving the sale of a 30% interest in the Brazilian alumina refinery, Hydro Alunorte, as well as Hydro’s 5% stake in bauxite producer Mineracão Rio do Norte … Read the full press release

TenneT Receives 47 Responses to Draft Investment Plans 2024-2033

(IN BRIEF) Dutch grid manager TenneT has collected 47 responses from stakeholders regarding its draft investment plans for the period 2024-2033, which were made public on November 1. These investment plans outline the expansion and replacement projects for both onshore … Read the full press release

Arkema Expands its Portfolio with 54% Stake Acquisition in PI Advanced Materials

(IN BRIEF) Arkema has completed the acquisition of a 54% stake in PI Advanced Materials (PIAM), a South Korean company specializing in polyimide films for advanced electronics and electric mobility markets. PIAM holds a dominant global market share of over … Read the full press release

BrauBeviale 2023 Marks Successful Return as Key Event for Brewing and Beverage Industry

(IN BRIEF) BrauBeviale 2023, Europe’s leading trade fair for the brewing and beverage industry, concluded with success after a four-year hiatus. The event attracted strong visitor demand from over 120 countries, representing all sectors of the beverage industry. Exhibitors focused … Read the full press release

RWE Partners with Masdar for UK Offshore Wind Project in Commitment to Clean Energy

(IN BRIEF) RWE has entered into an agreement with Masdar, a clean energy leader, to collaborate on the UK Dogger Bank South (DBS) offshore wind development projects. Masdar will acquire a 49% stake in the projects, while RWE will retain … Read the full press release