Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Sandoz’s distribution and collaboration agreement to bring more affordable treatments to the US

(IN BRIEF) Sandoz to commercialize six products exclusively in the US following distribution and collaboration agreement with Adalvo. The products are aimed at treating disorders that affect millions of people in the US each year, including antifungal/antibiotic, oncology, and pulmonary. … Read the full press release

Stora Enso’s Executive VP of Brand and Communications René Hansen to leave in 2023

(IN BRIEF) René Hansen, Executive Vice President for Brand and Communications at Stora Enso, will be leaving the company on May 4, 2023, to pursue new career opportunities outside the firm. Stora Enso’s President and CEO, Annica Bresky, thanked Hansen … Read the full press release

AFRY to improve production line at Valmet Automotive’s car plant in Finland

(IN BRIEF) AFRY, a Swedish engineering and consulting company, has signed a contract with Valmet Automotive, a car manufacturer, to improve and develop the manufacturing process and production line at its car plant in Finland. The project includes modifying part … Read the full press release

Ricoh to showcase new textile printing technologies at FESPA 2023

(IN BRIEF) Ricoh will be showcasing new, enhanced and collaborative technology aimed at helping textile creatives embrace fresh perspectives at FESPA, Europe’s leading exhibition for screen and digital, textile and wide format printing. The event will be held from May … Read the full press release

Accenture and Cervest collaborate on AI-powered climate intelligence platform

(IN BRIEF) Accenture Ventures Project Spotlight has partnered with Cervest, an AI-powered climate intelligence platform, to offer clients access to historical, current, and predictive climate data. The partnership will enable clients to assess and address asset and portfolio vulnerabilities for … Read the full press release

AAK Group reports strong start to 2023 with increased operating profit and cash flow

(IN BRIEF) Swedish food ingredients company AAK Group has reported a 43% rise in Q1 operating profit compared to the same period last year, driven by solid performance in its food ingredients and chocolate and confectionery fats business areas. Despite … Read the full press release

Henkel’s Q1 Sales Rise Thanks to Strong Organic Growth and Double-Digit Pricing

Henkel: Company is currently not capable to predict with sufficient reliability the impact COVID-19 will have on its business performance in 2020

(IN BRIEF) Henkel, the German consumer goods and adhesives manufacturer, announced a strong start to the year with group sales of approximately €5.6 billion in the first quarter of 2023. The company achieved a very strong organic sales growth of … Read the full press release

ANDRITZ expands offerings for food and feed industries with alternative protein solutions

(IN BRIEF) International technology group ANDRITZ is expanding its offerings to the food and feed industries by providing solutions for the production of alternative proteins. The company will help customers scale up their production of alternative proteins and provide support … Read the full press release

ANDRITZ successfully starts up velour loom for Foss Floors in US

(IN BRIEF) ANDRITZ has successfully launched a new velour loom at Foss Floors in Rome, US. The new 5.3 m loom, which produces flooring from recycled plastic, will help Foss Floors meet the growing customer demand for high-quality products. Every … Read the full press release

Rheinmetall Delivers Total Ship Trainer to Royal Thai Navy for Realistic Land-Based Training of Complete Ship Crews

(IN BRIEF) German defense and automotive company Rheinmetall will present its “Total Ship Trainer” at the IMDEX Asia trade fair in Singapore from May 3 to 5, 2023. The Total Ship Trainer is a networked and integrated solution for realistic … Read the full press release

Barclays to join LSEG and Microsoft Design Partner Programme for enhanced customer solutions

(IN BRIEF) LSEG and Barclays have entered into a new multi-year strategic partnership to enhance delivery for customers and clients and prepare for the next generation in financial services. The agreement includes a wide range of capabilities to support Barclays … Read the full press release

Salesforce and Accenture Join Forces to Enhance AI-Powered Customer Service Interactions

(IN BRIEF) Salesforce has announced a partnership with Accenture to establish a hub for generative artificial intelligence (AI) to accelerate the deployment of its Einstein GPT AI solution for customer relationship management (CRM). The companies will work together to develop … Read the full press release

Husqvarna Group appoints Pavel Hajman as CEO

(IN BRIEF) Pavel Hajman has been appointed as the new CEO of Husqvarna Group, following a recruitment process to identify a permanent CEO. He has been the acting CEO since December 2022 and has been a part of the Group … Read the full press release

Daniel Leimbach Takes Over as Head of Customer Unit Western Europe for Ericsson

(IN BRIEF) Ericsson has appointed Daniel Leimbach as the Head of Customer Unit Western Europe, effective from May 1st, 2023. Leimbach will continue to serve as the Managing Director of Ericsson Germany and lead the business with customers in Germany, … Read the full press release

Partnership of BASF, Krones, SÜDPACK, and TOMRA Paves the Way for Multi-Layer Film Recycling

(IN BRIEF) BASF, Krones, SÜDPACK, and TOMRA have collaborated on a project to recycle PET/PE multi-layer packaging by separating it into its individual components and returning them to the materials cycle as raw materials. During the first industrial trial at … Read the full press release

BAE Systems Launches Upgraded Athena 1920 Thermal Camera Core for Wide-Area Surveillance and Targeting

(IN BRIEF) BAE Systems has released a new version of its Athena 1920 thermal camera core that supports a range of missions, including vehicle protection, wide-area surveillance and space-based surveillance. The small, lightweight and power-efficient camera can deliver infrared imagery … Read the full press release

Siemens Mobility and NEB unveil innovative design for Mireo Plus trains

(IN BRIEF) Siemens Mobility and Niederbarnimer Eisenbahn (NEB) have unveiled the final design of the Mireo Plus train, which is set to begin operating on the East Brandenburg and Heidekrautbahn rail networks in December 2024. The train boasts state-of-the-art technology, … Read the full press release

Kyrgyz farmer adopts innovative biogas technology with support from EBRD and EU

(IN BRIEF) Melis Aitpaev from Eshperov village in the Kyrgyz Republic has installed a biogas plant on his farm to manage manure and increase his harvest. The EBRD provided support through its Advice for Small Businesses programme and paired Melis … Read the full press release

European Investment Fund supports Romanian micro farmers with €9.1m loan

(IN BRIEF) The European Investment Fund (EIF) has signed a loan agreement worth €9.1 million with Agricover Credit, a specialised financial services provider for farmers in Romania. The loan, backed by the EU Programme for Employment and Social Innovation (EaSI), … Read the full press release

BMW and E.ON partner to create ‘Connected Home Charging’

(IN BRIEF) BMW and E.ON have partnered on a pan-European scheme for intelligent charging at home. The strategic collaboration aims to create “Connected Home Charging,” a charging ecosystem to connect customers’ electric BMW or Mini vehicles to the energy system … Read the full press release