Category Archives: Business

Business Press Releases & News distributed via EuropaWire

BAE Systems and Malloy Aeronautics Showcase T-600 Heavy Lift Uncrewed Air System in NATO Maritime Exercise

(IN BRIEF) BAE Systems and Malloy Aeronautics demonstrated the capabilities of the T-600 heavy lift uncrewed air system (UAS) during the NATO exercise REPMUS 2023 in Portugal. The T-600 is an electric-powered UAS with vertical take-off and landing capabilities, capable … Read the full press release

EIB Provides €50 Million for Bocconi University Campus Upgrades and Decarbonization

(IN BRIEF) The European Investment Bank (EIB) has signed a €50 million loan agreement with Bocconi University in Milan to support the modernization and decarbonization of its campus facilities. This initial tranche of €30 million will fund the construction, renovation, … Read the full press release

EIB Provides €175 Million Loan to Valmet for Sustainable R&D in Pulp, Paper, and Energy Industries

(IN BRIEF) The European Investment Bank (EIB) has signed a €175 million loan agreement with Valmet, a Finnish technology and services provider for the pulp, paper, and energy sectors. This financing will support Valmet’s research, development, and innovation activities, aiming … Read the full press release

EIB’s “Financing in Africa Survey 2023” Reveals Resilience and Challenges in African Banking Sector

(IN BRIEF) The European Investment Bank (EIB) has published its “Financing in Africa Survey 2023,” offering insights into the evolving financial landscape in Africa. Conducted in partnership with 33 leading banks across the continent, the survey highlights the challenges and … Read the full press release

EIB Engages in ASEAN Summit, Prioritizing Sustainable Investments and Green Transition

(IN BRIEF) The European Investment Bank (EIB) participated in the 43rd ASEAN Summit and related ASEAN Indo-Pacific Forum, focusing on sustainable initiatives, economic growth, and climate action in ASEAN countries. Vice-President Kris Peeters highlighted the EIB’s commitment to supporting green … Read the full press release

Arkema Boosts Global DMDS Production for Renewable Fuels

(IN BRIEF) Arkema, a leading producer of dimethyl disulfide (DMDS), is increasing its global production capacity of this vital additive at its Beaumont site in the United States. DMDS plays a crucial role in converting vegetable oils and agri-food waste … Read the full press release

Arkema Outlines Aggressive Growth Plan Fueled by Sustainability

(IN BRIEF) Arkema has revealed its ambitious growth strategy, aiming to achieve €12 billion in sales with an 18% EBITDA margin by 2028. This plan hinges on leveraging sustainable innovation and technologies, bolstering the company’s portfolio, and capitalizing on megatrends … Read the full press release

Arkema Invests €50 Million to Boost Organic Peroxide Production for Renewable Energy Initiatives in China

(IN BRIEF) Arkema, a global leader in specialty chemicals, has announced a substantial €50 million investment to expand its organic peroxide production capacities at its Changshu site in China. This strategic move, which is part of the company’s global expansion … Read the full press release

University of Exeter Achieves Global Top 50 Rankings for International Outlook and Research Quality

(IN BRIEF) The University of Exeter has secured impressive rankings in the Times Higher Education (THE) World University Rankings. It ranks 38th worldwide for International Outlook and 40th for Research Quality, out of over 1900 universities evaluated globally. These rankings … Read the full press release

University of Exeter Recognized for Supporting Economic Growth and Knowledge Exchange

(IN BRIEF) The University of Exeter has achieved recognition for its dedication to fostering economic growth and knowledge exchange, according to the Knowledge Exchange Framework (KEF) assessment by UKRI. The university has moved up to Cluster V, placing it among … Read the full press release

Universities of Exeter and Falmouth Sign Civic Agreement with Local Councils to Foster Regional Prosperity

(IN BRIEF) The Universities of Exeter and Falmouth have entered into a Civic University Agreement with Cornwall Council, the Council of the Isles of Scilly, and the Cornwall and Isles of Scilly Integrated Care Board. This collaboration aims to support … Read the full press release

Avedøre Power Station Partners with Ørsted for Innovative Carbon Capture and Storage Project

(IN BRIEF) Avedøre Power Station, located south of Copenhagen and operated by Ørsted, is embarking on an ambitious carbon capture and storage (CCS) initiative as part of its transition to greener energy sources. The power station, which has already phased … Read the full press release

Continental Launches AllSeasonContact 2 Tire: Enhanced Efficiency, Safety, and Driving Pleasure

(IN BRIEF) Continental has introduced the AllSeasonContact 2 tire just in time for the fall tire-changing season, promising improved efficiency, safety, and driving enjoyment throughout the year. This new all-weather tire addresses the typical challenges faced by all-season tires, particularly … Read the full press release

Kuehne+Nagel and Capgemini Collaborate to Offer Innovative Supply Chain Orchestration Services

Kuehne + Nagel International AG divests significant non-core assets in the UK

(IN BRIEF) Kuehne+Nagel and Capgemini have entered into a groundbreaking strategic agreement to establish an industry-leading supply chain orchestration service designed to offer comprehensive end-to-end solutions throughout the supply chain network. This strategic partnership aims to help businesses maintain agility … Read the full press release

LEGO Group Appoints Annette Stube as Chief Sustainability Officer to Drive Environmental Initiatives

(IN BRIEF) The LEGO Group has announced the appointment of Annette Stube as its Chief Sustainability Officer, effective from January 1, 2024. Annette, currently serving as the Executive Vice President and Head of Sustainability at Stora Enso, will report directly … Read the full press release

Skanska to Construct Innovative Wooden-Framed Hospital Building in Karlstad, Sweden

(IN BRIEF) Skanska has entered into an agreement with Region Värmland to construct a groundbreaking new reception building at the Central Hospital, CSK, located in Karlstad, Sweden. Valued at approximately SEK 740 million, this contract will be recorded as part … Read the full press release

NIB and Varanger Kraft Collaborate on Green Energy Upgrade and Hydrogen Production in Norway

(IN BRIEF) The Nordic Investment Bank (NIB) has entered into a seven-year loan agreement with Norwegian utility company Varanger Kraft to support the upgrade of their hydrogen facility and the improvement of the electricity distribution network in Norway’s Varanger region. … Read the full press release

Plenitude, Eni’s Renewable Energy Arm, Expands Presence in Kazakhstan with 50 MW Photovoltaic Plant

(IN BRIEF) Plenitude, a subsidiary of Eni focused on renewable energy, has inaugurated its first photovoltaic plant in Kazakhstan near Shaulder village in the Turkistan Region. With an installed capacity of 50 MW, this facility marks Plenitude’s entry into the … Read the full press release

Škoda Teases Next-Gen Kodiaq SUV with Powerful and Emotive Design Elements

(IN BRIEF) Škoda Auto has offered a sneak peek at the exterior design of the upcoming new-generation Škoda Kodiaq, just one week before its world premiere. The sketches reveal a visually striking and modern SUV, showcasing key features such as … Read the full press release

BASF Launches Epispot™, a Sustainable Cosmetic Ingredient for Blemish-Prone Skin, Aligning with the #NoFilter Beauty Trend

(IN BRIEF) BASF Personal Care has introduced Epispot™, a sustainably sourced cosmetic ingredient designed to enhance the beauty and self-confidence of individuals with blemish-prone skin, a common issue affecting people worldwide regardless of gender, age, or ethnicity. Epispot addresses the … Read the full press release