Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Glencore plc Releases 2022 Sustainability Report, Demonstrating Commitment to ESG Initiatives

(IN BRIEF) Glencore plc has released its 2022 Sustainability Report, which is now available on its website. The report encompasses the company’s environmental, social, and governance (ESG) initiatives and aligns with global reporting standards and principles. It focuses on material … Read the full press release

BMT and QECC Drive Innovation in Navigation Training with Advanced Simulators

(IN BRIEF) BMT has partnered with QECC (Queen Elizabeth Class Carriers) to revolutionize navigation training through a multi-year pilot training program. The collaboration involves the optimization of BMT’s ship and tug bridge simulator suite to enhance the practice of challenging … Read the full press release

EBRD Extends $23 Million Loan to Meros Pharm to Drive Expansion in Uzbekistan’s Pharmaceutical Industry

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a loan of $23 million to Meros Pharm, a leading pharmaceutical distributor in Uzbekistan. The loan will support Meros Pharm’s expansion plans by providing the necessary working capital … Read the full press release

Hapag-Lloyd Announces Leadership Transition: Joerg Sonne Assumes Role as Senior Managing Director for Region North Europe

(IN BRIEF) Hapag-Lloyd, a global container shipping company, has announced executive changes with Joerg Sonne appointed as the Senior Managing Director for Region North Europe, replacing Martin Rolf, who will transition to the role of Managing Director Human Resources. Sonne … Read the full press release

Triton Expands Group with Launch of Ramudden Global, a Network of Tech-Enabled Safety Companies

(IN BRIEF) Triton, an investment firm, has announced the launch of Ramudden Global as the new brand name and identity for its group of tech-enabled infrastructure safety companies. This development follows the merger of portfolio companies Ramudden and AVS in … Read the full press release

Siemens Mobility Secures €600 Million Contract for Additional ICE 3neo Trains for Deutsche Bahn

(IN BRIEF) Siemens Mobility has secured a €600 million contract to deliver 17 additional ICE 3neo trains to Deutsche Bahn. This brings the total ICE 3neo fleet to 90 trains. The trains, known for their high speed and innovative features, … Read the full press release

Arkema Expands Presence in Thermal Interface Materials with Polytec PT Acquisition

(IN BRIEF) Arkema has announced its acquisition of Polytec PT, a German company specializing in thermal interface materials for batteries and engineering adhesives for the electronics market. The acquisition will strengthen Bostik’s product offerings in the growing batteries and electronics … Read the full press release

Enhanced Supply Chain Management: Kuehne+Nagel Unveils Real-Time Container Tracking Solution

(IN BRIEF) Kuehne+Nagel has introduced the Container Dashboard, a new feature on their myKN online platform, addressing the need for real-time container visibility in supply chain management. The dashboard utilizes a geo system cloud solution to enable customers to track … Read the full press release

Decarbonizing Mobility: Stellantis Joins Faurecia and Michelin as Symbio Shareholder

(IN BRIEF) Stellantis, Faurecia, and Michelin have reached a significant agreement wherein Stellantis will acquire a 33.3% stake in Symbio, a prominent provider of zero-emission hydrogen mobility solutions. Faurecia and Michelin will retain equal ownership stakes. The deal highlights Symbio’s … Read the full press release

International Investor Mutares Acquires Arriva Group’s Assets in Denmark and Serbia

(IN BRIEF) Arriva Group has successfully sold its businesses in Denmark and Serbia to Mutares SE & Co. KGaA, an international financial investor. This sale is in line with Arriva Group’s strategy to focus on its core markets in the … Read the full press release

KUKA’s Automation Expertise Boosts Productivity for German SMEs

(IN BRIEF) German SMEs are facing challenges due to a shortage of skilled workers, difficult delivery conditions, and high energy costs. A survey by the Manpower Group revealed that 75% of entrepreneurs struggled to fill job positions. To address this … Read the full press release

DNV Report: Maritime Industry Must Prioritize Safety amidst Decarbonization and Digitalization

(IN BRIEF) A new report by DNV and Lloyd’s List Intelligence highlights the need for the maritime industry to prioritize safety amidst transformative changes. The report reveals a significant increase in safety incidents related to machinery damage or failure. It … Read the full press release

German Exclusive Economic Zone: Public Participation Begins for Ostwind 3 Project

(IN BRIEF) The public participation phase has begun for the sea route and offshore transformer substation of the Ostwind 3 project in the German Exclusive Economic Zone (EEZ). The Federal Maritime and Hydrographic Agency (BSH) is accepting comments from public … Read the full press release

TotalEnergies Expands Offshore Portfolio in Suriname through Strategic PSC Agreements

(IN BRIEF) TotalEnergies and its partners have signed Production Sharing Contracts (PSC) with Staatsolie Maatschappij Suriname for offshore Blocks 6 and 8 in Suriname. TotalEnergies will operate the blocks with a 40% interest, while QatarEnergy holds 20% and Paradise Oil … Read the full press release

Siemens to Provide End-to-End Solutions for Cellforce Gigafactory in Groundbreaking Partnership

(IN BRIEF) Cellforce and Siemens have formed a strategic partnership to revolutionize the automotive market by accelerating battery manufacturing. Under the agreement, Siemens will provide automation and digitalization technology to support Cellforce’s gigafactory in Germany. The collaboration aims to enhance … Read the full press release

Digi Communications N.V. announces the release of the Q1 2023 financial results

(PRESS RELEASE) BUCHAREST, Romania, 15-May-2023 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the Q1 2023 financial results are available on the Company’s website. For more details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares Also, today at 14:00 UK time … Read the full press release

STM32 Summit 2023: STMicroelectronics Showcases Next-Generation Semiconductor Solutions

(IN BRIEF) STMicroelectronics, a global semiconductor leader, will be hosting the 2023 STM32 Summit on May 12th and 13th in Shenzhen, China. The summit will showcase the latest STM32 products and solutions, focusing on the theme “STM32 More Than Silicon” … Read the full press release

Rheinmetall to Supply European Customer with Artillery Ammunition in Multi-Million Euro Deal

(IN BRIEF) Rheinmetall has been awarded a contract to supply artillery ammunition to a European customer. The contract is valued in the mid-double-digit million-euro range, and delivery is scheduled for 2023 and 2024. This contract highlights Rheinmetall’s expertise in ammunition … Read the full press release

Landmark Partnership: Unilever Joins FIFA Women’s World Cup 2023™ as Official Personal Care Sponsor

(IN BRIEF) Unilever personal care brands, including Rexona, Dove, Lifebuoy, and Lux, have been announced as the Official Sponsors of the FIFA Women’s World Cup 2023. This partnership is a first for FIFA, as it includes personal care brands across … Read the full press release

European Investment Bank Backs Wingcopter’s Pioneering Drone Delivery Technology with €40 Million Investment

(IN BRIEF) The European Investment Bank (EIB) is investing €40 million in Wingcopter, a European drone delivery technology company. Wingcopter’s electrically powered unmanned aircraft have already been successfully used in small-scale commercial and humanitarian projects, including delivering medical supplies in … Read the full press release