(IN BRIEF) MAN Truck & Bus is preparing to begin series production of its electric trucks in 2024. Over 500 order enquiries have already been received, and 2,600 employees have been trained in high-voltage technology. The company has created an … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Technology, Transportation & Logistics
Tagged electric truck, electric vehicles, emobility, MAN, MAN Truck & Bus, Michael Kobriger
(IN BRIEF) Wood, a leading global consulting and engineering firm, has secured a contract extension worth approximately $250 million from Brunei Shell Petroleum (BSP), the largest energy producer in Brunei. The two-year extension focuses on rejuvenating BSP’s offshore energy assets … Read the full press release
(IN BRIEF) ANDRITZ has been awarded a contract by Mpact Operations to upgrade the pulping line at the Mkhondo Paper Mill in South Africa. The upgrade will increase the line’s capacity and improve product strength to meet the demand for … Read the full press release
Posted in Austria, Business, Industrial, Technology
Tagged Andritz, Brian Smith, Mkhondo Paper Mill, Mpact Operations, Mpumalanga, pulping line, South Africa
(IN BRIEF) Skanska has been awarded a contract worth NOK 800M (SEK 800M) by Vestland County to build the new Ytre Steinsund bridge in Solund municipality, Norway. The bridge will be 811 meters long, situated 50 meters above sea level, … Read the full press release
(IN BRIEF) Gernot Döllner has been announced as the new CEO of AUDI AG, taking over from Markus Duesmann in Volkswagen’s Group Board of Management on September 1, 2023. Döllner, who has a mechanical engineering background, has held several managerial … Read the full press release
Posted in Automotive, Business, Germany, Management
Tagged appointment, Audi, CEO, Gernot Döllner, leadership, Markus Duesmann, Volkswagen
(IN BRIEF) BNP Paribas Wealth Management and SDA Bocconi School of Management have collaborated to release an exclusive report on family business governance in Europe. The report emphasizes the significant role of family firms in driving economic growth and employment. … Read the full press release
(IN BRIEF) BASF and Yara Clean Ammonia have partnered to conduct a joint study for the development of a large-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. The aim is to construct a … Read the full press release
(IN BRIEF) BASF has celebrated the opening of Europe’s first co-located center for battery material production and recycling in Schwarzheide, Germany. The facility includes a state-of-the-art production plant for cathode active materials and a battery recycling plant, marking significant progress … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Germany, Industrial, Technology
Tagged BASF, battery material production, Battery recycling, cathode active materials, Dr. Dietmar Woidke, Dr. Martin Brudermüller, Dr. Peter Schuhmacher, Dr. Robert Habeck, electric vehicles, EU battery market, EV, Germany, Maroš Šefčovič, recycled metals, Schwarzheide
(IN BRIEF) Digi Communications N.V. has announced the conclusion of an amendment agreement to the Facility Agreement by its Spanish subsidiary, Digi Spain Telecom S.L.U. The agreement allows for an additional term loan facility of EUR 100,000,000 to be made … Read the full press release
Posted in Banks, Belgium, Business, Economy, European Union, Financial, Investment, Italy, News, Portugal, Romania, Spain, Technology, Telecom
Tagged Banco Santander, capital expenditure, DIGI COMMUNICATIONS N.V., Digi Spain, Digi Spain Telecom S.L.U., Facility Agreement, Facility Agreement dated 26 July 2021, fiber-optic network, ING Bank N.V., loan, loan facility, RCS & RDS S.A., telecom equipment, telecom infrastructure, telecommunication services
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €50 million credit line to Bank of Africa – BMCE Group (BOA) to support micro, small, and medium-sized enterprises (MSMEs) in Morocco. The loan aims to enhance … Read the full press release
(IN BRIEF) SGS, a leading global testing and certification company, has opened a state-of-the-art testing facility in Chakan, Pune, India. The new facility specializes in automotive and consumer electronics testing, featuring advanced laboratories for metallurgy, polymer, chemical, and environmental testing, … Read the full press release
(IN BRIEF) Outokumpu, a global stainless steel leader, has partnered with thyssenkrupp Materials Processing Europe and Boysen Group to introduce towards-zero stainless steel to the automotive industry. This collaboration aims to address tailpipe emissions and decarbonize the automotive sector. Outokumpu’s … Read the full press release
(IN BRIEF) Ericsson and Proptivity have successfully launched the world’s first neutral host-led shared indoor 5G network using the Radio Dot System. The deployment took place in a central Stockholm property housing a shopping mall and offices. This innovative solution … Read the full press release
Posted in Business, Industrial, Infrastructure & Utilities, Internet & Online, Sweden, Technology, Telecom
Tagged 5G, 5G connectivity, 5G radio access network, Ayad Al Saffar, Christopher Johansson, DAS, David Hammarwall, distributed antenna systems, Ericsson, Haval van Drumpt, Mikael Lundman, Proptivity, Radio Dot System
(IN BRIEF) Iberdrola, in collaboration with Avangrid and other partners, is set to establish new high-voltage transmission lines to deliver renewable offshore wind power from the Long Island grid to New York City and Westchester County. The project aims to … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Spain, Technology
Tagged AVANGRID, Central Hudson Electric Transmission, clean energy, Edison Transmission, Iberdrola, Long Island grid, National Grid Ventures, New York City, offshore wind power, renewables, Westchester County
(IN BRIEF) Virginie Leroy has been appointed as the President of VINCI Immobilier, effective August 1, 2023. Leroy, who joined VINCI Immobilier in 2010, has held various positions within the company, including Head of Business Property Projects and Managing Director … Read the full press release
(IN BRIEF) H. Lundbeck A/S has announced the initiation of CEO succession, with Deborah Dunsire choosing to retire from her role as President and CEO. Charl van Zyl has been appointed as the new President and CEO, and Dunsire will … Read the full press release
Posted in Business, Denmark, Healthcare, Management, Pharma & Biotech
Tagged appointment, biopharma, Board of Directors, CEO, Charl van Zyl, CNS, Deborah Dunsire, Eli Lilly, H. Lundbeck A/S, immunology, Lars Rasmussen, Lundbeck, Neurology, Novartis
(IN BRIEF) Barclays has appointed Torsten Schöneborn and Jerry Minier as Co-Heads of G10 FX Trading. Torsten brings over 15 years of experience, previously serving in key roles at BNP Paribas and Deutsche Bank. Jerry, with more than 18 years … Read the full press release
Posted in Banks, Business, Financial, Investment, Technology, United Kingdom
Tagged appointments, Barclays, BNP Paribas, Deutsche Bank, G10 FX Trading, Global Macro, Jerry Minier, Michael Lublinsky, Torsten Schöneborn
(IN BRIEF) LCH Group, majority-owned by the London Stock Exchange Group (LSEG), has agreed to acquire Euronext’s 11.1% stake in LCH SA, the French subsidiary of LCH Group, for EUR 111 million. This transaction will grant LCH Group full ownership … Read the full press release
Posted in Business, Financial, France, Investment, United Kingdom
Tagged acquisition, credit derivatives, equity clearing services, Euronext, Eurozone, LCH Group, LCH SA, LSEG, repo transactions, Stake Acquisition
(IN BRIEF) RWE is expanding its solar business in Spain with the commissioning of the Puerta del Sol solar farm, following the earlier launch of Casa Valdes. Puerta del Sol, located near Madrid, has a capacity of 44 MWac and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Spain
Tagged Casa Valdes solar farm, Ferrovial, Gazules project, Green Energy, Guadalajara province, Katja Wünschel, Las Vaguadas, Madrid, Orkoien onshore wind, Puerta del Sol, RWE, RWE Renewables Iberia, Solar, solar farms, Spain
(IN BRIEF) Tom Drechsler has been appointed as the new head of the Communication department at Škoda Auto, starting from July 1. He replaces Ariane Kilian, who is temporarily stepping down due to personal reasons. Drechsler brings extensive experience, having … Read the full press release
Posted in Automotive, Business, Czech Republic, Management, Marketing, Media
Tagged Ariane Kilian, Auto Bild, AUTO BILD Group, Communication, communications manager, journalist, Klaus Zellmer, leadership, ŠKODA, ŠKODA AUTO, Tom Drechsler
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