Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Voith Turbo Introduces Mechatronic Retarder Control Unit for Safer and More Efficient Braking in Commercial Vehicles

(IN BRIEF) Voith Turbo has been continuously developing its hydrodynamic retarder system for more than 50 years, providing wear-free braking for commercial vehicles. The company has now introduced the Mechatronic Retarder Control Unit (MRCU) as a new standard feature for … Read the full press release

INEOS and SINOPEC Finalize Joint Venture for Tianjin Nangang Ethylene Project

(IN BRIEF) INEOS has finalized the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, which is currently being constructed by SINOPEC and expected to be operational by April 2024. The project includes a 1.2 … Read the full press release

Bosch Introduces OfficeOn: Streamlined Cloud Software for Small Trade Businesses

(IN BRIEF) Bosch has developed OfficeOn, a cloud-based software solution designed for smaller trade businesses to digitally manage key company processes. It aims to reduce administrative workload and streamline tasks like creating offers, invoices, coordinating schedules, and time management. The … Read the full press release

BASF’s LCA Study Reveals Environmentally Friendly Mozzarella Packaging Solutions

(IN BRIEF) BASF has conducted a Life Cycle Assessment (LCA) study on the environmental impact of mozzarella packaging using alternative raw materials in food-grade plastics production. The study compared a flexible multi-layer packaging with fossil feedstock-based packaging and a fossil-based … Read the full press release

Siemens Unveils High-Tech S-Bahn Trains for Munich: Setting New Standards in Comfort and Efficiency

(IN BRIEF) Siemens Mobility has won an EU-wide tender to deliver 90 new S-Bahn trains for Munich, Germany, worth over two billion euros. The trains will provide more space, comfort, and innovations, with a total length of over 200 meters, … Read the full press release

Siemens Unveils Next-Gen SIRIUS 3UG5 Line Monitoring Relays for Enhanced Grid Stability and Safety

(IN BRIEF) Siemens has introduced the SIRIUS 3UG5 line monitoring relays, a new generation of relays combining proven technology with new features. These relays ensure standards-compliant grid stability and quality, protecting critical areas like hospitals and the process industry, and … Read the full press release

CERN Webfest 2023: Young Innovators Develop Impressive Science and Education Apps

(IN BRIEF) The 2023 CERN Webfest hackathon resulted in five impressive projects developed by 19 bright young participants from across CERN. The projects included web applications supporting science, research, and education, with ideas ranging from research facilitation tools to educational … Read the full press release

Hydro Invests €6 Million to Upgrade Aluminum Extrusion Plant in Lucé, France

(IN BRIEF) Hydro, a leading aluminum company, is investing NOK 67 million (EUR 6 million) to upgrade its aluminum extrusion plant in Lucé, France. The investment aims to improve the plant’s equipment, buildings, and infrastructure, enhancing its potential to become … Read the full press release

EIB and HypoVereinsbank Provide Over €2 Billion Financing for Munich S-Bahn’s New Trains

(IN BRIEF) The European Investment Bank (EIB) and HypoVereinsbank, a German affiliate of UniCredit, are providing credit lines totaling over €2 billion to Deutsche Bahn for the procurement of 90 new trains for the Munich S-Bahn. The financing will be … Read the full press release

Evonik Expands Rubber Silanes Plant to Meet Growing Demand for Sustainable Solutions

(IN BRIEF) Evonik, a global leader in specialty chemicals, has expanded and commenced production at its rubber silanes plant, Evonik Lanxing (Rizhao) Chemical Industrial Co., Ltd. The state-of-the-art facility, established as a joint venture with DEG and Rizhao Lanxing Chemical … Read the full press release

Wood to Provide Specialized Services for Shell’s Energy Transition Projects

(IN BRIEF) Global consulting and engineering company, Wood, has been awarded a multi-year enterprise framework agreement (EFA) to continue providing specialized services to Shell’s worldwide projects. Wood’s expertise in consulting, engineering, procurement, and project management will support Shell’s greenfield and … Read the full press release

NASA-Backed Starlab Project Takes Shape with Voyager-Airbus Agreement

(IN BRIEF) Voyager Space and Airbus Defence and Space have jointly announced a transatlantic agreement to develop and operate Starlab, a commercial space station intended to succeed the International Space Station. Voyager was awarded a $160 million Space Act Agreement … Read the full press release

Airbus and Wizz Air Strengthen Partnership with New Aircraft Order

(IN BRIEF) Wizz Air, the fastest-growing European ultra-low-cost airline, has finalized an agreement for an additional 75 A321neo Family aircraft, elevating their total order for the Airbus single-aisle family to 434 and their A320 Family overall order to 565 aircraft. … Read the full press release

Vivendi Sponsors Venice International Film Festival and Showcases Original Series

(IN BRIEF) Vivendi will sponsor the 80th Venice International Film Festival, and Canal+ original series “D’Argent et de Sang” will premiere at the event. Vivendi and Canal+ Group will partner with Screens of Tomorrow to promote inclusive and sustainable storytelling. … Read the full press release

Wacker Chemie Expands Hyperpure Hydrogen Chloride Production for Semiconductor Industry

(IN BRIEF) Wacker Chemie AG has completed the expansion of its hyperpure hydrogen chloride production at its Burghausen site in Germany. The facility’s commissioning in mid-July has significantly increased overall production, meeting the growing demand from the semiconductor industry. Ultrapure … Read the full press release

Savills Completes Sale of In ‘N’ Out Centres in Cardiff for £1.35 Million

(IN BRIEF) Savills, acting on behalf of MVJ Capital, has successfully sold the In ‘N’ Out Centres, Drive Thru MOT, and Servicing Centre in Cardiff to a private property company for £1.35 million. The property, spanning 3,682 sq ft, features … Read the full press release

Navantia Seanergies and SeAH Partner for Offshore Wind Development in Asia and the US

(IN BRIEF) Navantia Seanergies and SeAH have signed a collaboration agreement to develop offshore wind energy in Asian countries, with a focus on South Korea and the American west coast. South Korea has set a target of 12 GW of … Read the full press release

Saint-Gobain Completes Sale of US CertainTeed Fence, Railing, and Decking Business to Oldcastle APG

(IN BRIEF) Saint-Gobain has finalized the sale of its US CertainTeed Fence, Railing, and Decking Business (FRD) to Oldcastle APG, a CRH Company. The FRD business had sales of approximately €60 million in 2022 and operated from two industrial locations … Read the full press release

Schneider Electric Introduces Managed Security Services to Counter Rising Cyber Risk in Operational Technology Environments

(IN BRIEF) Schneider Electric has launched a Managed Security Services (MSS) offering to assist customers in operational technology (OT) environments in dealing with the growing cyber risk related to remote access and connectivity technologies. The MSS solution, powered by Schneider … Read the full press release

Rheinmetall Completes Acquisition of Expal Systems, Expanding Ammunition Production Capacity

(IN BRIEF) Rheinmetall AG has completed its acquisition of Expal Systems S.A.U., a renowned ammunition and armament manufacturer, for about €1.2 billion. The takeover enhances Rheinmetall’s position as a key supplier for NATO armed forces, expanding its ammunition production capacity … Read the full press release