(IN BRIEF) Víctor Manuel Sánchez has been appointed as general counsel and Director of Legal Affairs and Governance for SEAT Group companies in Spain. He will be reporting to the CEO of SEAT S.A. and succeeding Thomas Meiers and Marco … Read the full press release
Posted in Automotive, Business, Industrial, Management, News, Spain
Tagged appointment, Cuatrecasas, director, General Counsel, leadership, Legal Affairs and Governance, Marco Cortinovis, SEAT Group, Thomas Meiers, Wayne Griffiths
(IN BRIEF) DHL Global Forwarding and Turkish Cargo, the air cargo brand of Turkish Airlines, have signed a Memorandum of Understanding (MoU) to improve each other’s operational efficiency and enhance Istanbul’s potential as a logistics hub. Under the MoU, DHL … Read the full press release
(IN BRIEF) Chemical company BASF reported a decline in sales for Q1 2023 of €20bn, down €3.1bn compared to the prior year quarter, due to lower demand in almost all segments. However, the Agricultural Solutions segment recorded a significant increase … Read the full press release
Posted in Agriculture, Automotive, Business, Chemicals, Financial, Germany, Management, News
Tagged agricultural solutions, automotive, BASF, Dr. Martin Brudermüller, sales
(IN BRIEF) Bosch BASF Smart Farming, a joint venture between Bosch and BASF Digital Farming, announced its new brand name as ONE SMART SPRAY. The new brand name also applies to its product, previously known as the Smart Spraying Solution, … Read the full press release
(IN BRIEF) Leadec achieved record sales of €1.129 billion in fiscal year 2022, with 90% of orders from existing customers extended and core business strengthened with new services related to electric mobility, sustainability, and smart factory. Leadec’s total output increased … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Industrial, Management, News, Technology
Tagged electric mobility, Leadec, Markus Glaser-Gallion, sustainability
(IN BRIEF) BAE Systems has been awarded a contract by U.S. Naval Information Warfare Systems Command to engineer command, control, communications, computers, and intelligence (C4I) services on surface ships. The eight-year indefinite delivery, indefinite quantity contract is valued at $537 … Read the full press release
Posted in Business, Defence, Government, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged BAE Systems, C4I Services, Lisa Hand, Surface Ships
(IN BRIEF) Škoda Auto has announced the production of 500,000 battery systems at its plant in Mladá Boleslav, which are mounted in MEB vehicles and plug-in hybrid models by Volkswagen Group brands, including Škoda, Volkswagen, Audi and SEAT. The milestone … Read the full press release
Posted in Automotive, Business, Czech Republic, Industrial, Management, News, Technology
Tagged battery, e-mobility, Michael Oeljeklaus, ŠKODA AUTO, transformation
(IN BRIEF) Volkswagen Group Technology has announced that it contributed around 40% of the total value added, including a new electric drive generation, for Volkswagen’s new flagship ID.7. The highly efficient drive generation, called APP550, has higher performance and improved … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged APP550, competitiveness, e-mobility, ID.7, Scalability, Thomas Schmall, Volkswagen
(IN BRIEF) Swedish energy company Vattenfall has reported stable financial development for the first quarter of 2023. The company’s focus on investing in fossil-free power generation and upgrading the electricity grid has paid off, as falling electricity prices and a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Investment, Management, News, Sweden
Tagged Anna Borg, fossil-free, power generation, Vattenfall
(IN BRIEF) Glencore has agreed to acquire a 30% stake in Alunorte and a 45% stake in Mineracão Rio do Norte from Norsk Hydro for a combined equity value of approximately USD 775 million. Completion of the transaction is expected … Read the full press release
(IN BRIEF) IT infrastructure company Atea ASA has secured a €50 million loan from the European Investment Bank to improve and expand its hosting facilities in EU countries, with a focus on improving data security and supporting the European goal … Read the full press release
(IN BRIEF) Solvay, a global leader in specialty chemicals, has signed a license agreement with Guangxi Chlor-Alkali Chemical (GHCAC) to support the construction of a hydrogen peroxide megaplant at Qinzhou in China. The megaplant will complement GHCAC’s existing propylene oxide … Read the full press release
(IN BRIEF) The EU Senate-Kosovo Economic Summit was held in London on 20 April, where selected guests of entrepreneurs, industrialists, and global investors attended a closed-door event. The summit aimed to transform Kosovo’s economic position and strengthen its ties within … Read the full press release
(IN BRIEF) Experian has launched a new cloud-based fraud solution called Aidrian, powered by adaptive machine learning, to help businesses prevent fraud without impacting customer experience. It combines a customized machine learning model with device fingerprinting to classify transactions with … Read the full press release
(IN BRIEF) Infineon Technologies and Schweizer Electronic are working on a solution to embed Infineon’s 1200 V CoolSiC™ chips directly onto printed circuit boards (PCB) in order to increase the efficiency of chips based on silicon carbide (SiC). The companies … Read the full press release
Posted in Automotive, Business, Electronics & Machinery, Germany, Industrial, Marketing, Technology
Tagged 1200 V CoolSiC™ chips, chip embedding, electric vehicles, Infineon Technologies AG, PCB, PCIM Europe 2023, printed circuit boards, p²Pack®, Robert Hermann, Schweizer Electronic AG, semiconductors, SIC, silicon carbide, Thomas Gottwald
(IN BRIEF) Rheinmetall’s Sensors and Actuators division has secured a contract to supply over 150,000 HRB 1800 hydrogen recirculation blowers, worth a mid-double-digit million-euro range, to a new customer for use in buses and trucks. The hydrogen recirculation blowers improve … Read the full press release
(IN BRIEF) BPEA Private Equity Fund VIII, an affiliated investment fund of BPEA EQT, is set to acquire IMG Academy from Endeavor Group Holdings for USD 1.25 billion. IMG Academy, headquartered in Florida, provides a sports-focused boarding school, sports camps, … Read the full press release
Posted in Business, Education, Financial, Finland, Investment, Management, News, Sports
Tagged acquire, Andrew Fitzmaurice, BPEA EQT, Brent Richard, Endeavor Group Holdings, IMG Academy, Jack Hennessy, Kosmo Kalliarekos
(IN BRIEF) S&P Global has upgraded Metso Outotec’s credit rating to BBB with stable outlook, citing the successful integration and realized synergies, portfolio rationalization through selected divestments, and the company’s proactive management of pricing and costs to curb the effects … Read the full press release
Posted in Business, Finland, Industrial, Management, Metals and Minerals, News
Tagged Eeva Sipilä, Metso Outotec, S&P Global
(IN BRIEF) The Luxembourg Stock Exchange (LuxSE) and Chongwa (Macao) Financial Asset Exchange Co. (MOX) have signed a new Cooperation Agreement during the official visit of the Macao Special Administrative Region to Luxembourg. The agreement extends the scope of the … Read the full press release
(IN BRIEF) Valio, a leading Finnish dairy company, has launched Valio Prime SMP, a new infant-grade skimmed milk powder designed to simplify the production process for infant milk formula (IMF) manufacturers while ensuring the highest microbiological quality. Valio Prime SMP … Read the full press release
Posted in Business, Commodities, Finland, Food & Beverage, Industrial, Management, News
Tagged Christina Maksimow, infant milk formula, Laura Enbom, Timo Pajari, Valio, Valio Prime SMP
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