Category Archives: Business

Business Press Releases & News distributed via EuropaWire

FLSmidth secures deal to supply efficient equipment for sustainable gold mining

(IN BRIEF) FLSmidth, a global provider of sustainable technology, has secured a contract worth approximately DKK 350 million to supply efficient equipment to a gold mine. The equipment is expected to be among the most efficient in the world and … Read the full press release

Crédit Agricole acquires 30% stake in Michelin-backed Watèa for low-carbon mobility push

(IN BRIEF) Crédit Agricole Leasing & Factoring has finalized its purchase of a 30% stake in Watèa, a company founded by Michelin, to accelerate low-carbon mobility in Europe. The partnership aims to support the transition to a low-carbon economy and … Read the full press release

Enel sells Peruvian energy units to China Southern Power Grid for $2.9bn

(IN BRIEF) Enel Perú S.A.C., a subsidiary of Enel S.p.A., has signed an agreement to sell its entire equity stakes in Enel Distribución Perú S.A.A., a power distribution and supply company, and Enel X Perú S.A.C., a company that provides … Read the full press release

ANDRITZ wins contract to retrofit twin wire press at New Zealand pulp mill

(IN BRIEF) ANDRITZ, a global technology group, has been contracted by Winstone Pulp International Ltd. (WPI) to retrofit a twin wire press at their Karioi pulp mill in New Zealand. The retrofit involves replacing the machine’s carbon steel frame with … Read the full press release

KUKA Celebrates 125 Years of Shaping the Future of Work with Automation and Robotics

(IN BRIEF) KUKA, an international technology group, is celebrating its 125th anniversary. The company was founded in 1898 as an acetylene gas plant for street lighting, and has since reinvented itself multiple times. KUKA made history 50 years ago as … Read the full press release

Azerbaijan Airlines expands fleet with fuel-efficient A320neo Family aircraft from Airbus

(IN BRIEF) Azerbaijan Airlines has ordered 12 A320neo Family aircraft, including A320neo and A321neo, as part of its fleet renewal strategy to operate the most modern and fuel-efficient aircraft, increase operational efficiency and competitiveness, and offer passengers excellent comfort throughout … Read the full press release

Airbus signs agreements with Chinese partners to expand A320 Family assembly and purchase 160 commercial aircraft

(IN BRIEF) Airbus signed several cooperation agreements with Chinese aviation industry partners during a French state visit to China. The agreements include expanding A320 Family final assembly capacity at Airbus’ Tianjin site and signing General Terms of Agreement (GTA) with … Read the full press release

BAE Systems Celebrates Best Suppliers at Partner 2 Win Awards Ceremony

(IN BRIEF) BAE Systems has awarded 13 suppliers for their top performance in on-time delivery and quality standards at its sixth annual Partner 2 Win Supplier of the Year awards ceremony in Austin, Texas. The Partner 2 Win program is … Read the full press release

Eni’s FPSO Firenze to enable production start-up of largest hydrocarbon discovery in Côte d’Ivoire

(IN BRIEF) Eni, in collaboration with PetroCi, has celebrated the sail away of FPSO Firenze to the Baleine field offshore Côte d’Ivoire. The FPSO Firenze has been refurbished and upgraded to allow it to handle up to 15,000 bbl/d of … Read the full press release

Bosch, BASF, and AGCO to integrate and commercialize Smart Spraying technology for Fendt Rogator sprayers

(IN BRIEF) Bosch BASF Smart Farming has partnered with AGCO Corporation to integrate and commercialize Smart Spraying technology on Fendt Rogator sprayers. The Smart Spraying Solution will allow targeted spraying during day and nighttime conditions, while delivering optimal herbicide savings … Read the full press release

Zurich Insurance Group announces successful AGM with full Board re-election

(IN BRIEF) Zurich Insurance Group’s shareholders have confirmed Michel M. Liès as Chairman of the Board of Directors at the Annual General Meeting. All the other current Board members have also been elected. The Board comprises 12 members, with equal … Read the full press release

APM Terminals Mumbai named top-performing terminal in India for 64th month in a row

(IN BRIEF) APM Terminals Mumbai, also known as GTI, has been named the top performing terminal in India for the 64th consecutive month in the January 2023 ranking published by NICDC Logistics Data Services. The terminal has maintained its position … Read the full press release

ANDRITZ and Lotus Teknik Tekstil produce next-gen, sustainable wet wipes

(IN BRIEF) Lotus Teknik Tekstil A.Ş., based in Turkey, has started up a line to produce biodegradable, plastic-free wet wipes using a state-of-the-art neXline wetlace CP line from international technology group ANDRITZ. The line combines the benefits of wetlaid and … Read the full press release

FCA and ASA team up with influencer Sharon Gaffka to educate “fin-fluencers” on risks of promoting financial products

(IN BRIEF) The UK’s Financial Conduct Authority (FCA) and Advertising Standards Authority (ASA) have partnered with influencer Sharon Gaffka to educate “fin-fluencers” on the risks associated with promoting financial products. The FCA and ASA plan to engage with influencers and … Read the full press release

Eni’s Plenitude and CDP Equity commit to decarbonisation of Italy’s electricity sector through GreenIT investment

(IN BRIEF) GreenIT, the Italian joint venture between Plenitude (Eni) and CDP Equity (CDP Group), which produces electricity from renewable sources, has approved a new business plan for 2023-2027. The plan includes a total investment of €1.7 billion ($2 billion) … Read the full press release

DHL Global Forwarding names new executives for Hillebrand Gori and Ocean Freight

(IN BRIEF) Dominique von Orelli has been appointed as CEO of Hillebrand Gori, a DHL company, with immediate effect, succeeding Tim Scharwath, CEO of DHL Global Forwarding, Freight, who has been leading the integration of Hillebrand Gori since its acquisition … Read the full press release

FMO and partners provide second syndicated loan to Turkey’s Kılıç Deniz for growth and diversification

(IN BRIEF) Dutch development bank FMO, along with French development finance institution Proparco and SDG-focused emerging market credit fund ILX Fund, has provided a €60m ($71.6m) syndicated loan to Turkey’s Kılıç Deniz, a leading aquaculture player. The funds will be … Read the full press release

Egyptian General Petroleum Corporation s’associe à DNV pour atteindre ses objectifs de développement durable

(ACTUALITÉ EN BREF) DNV, un expert indépendant en énergie et fournisseur d’assurance, a signé un protocole d’accord (MoU) avec l’Egyptian General Petroleum Corporation (EGPC) pour soutenir leurs efforts dans la définition d’objectifs fondés sur la science pour leurs objectifs nets … Read the full press release

Egyptian General Petroleum Corporation partners with DNV to achieve sustainability goals

(IN BRIEF) DNV, an independent energy expert and assurance provider, has signed a Memorandum of Understanding (MoU) with the Egyptian General Petroleum Corporation (EGPC) to support their efforts in setting science-based targets for their net zero goals. EGPC is aiming … Read the full press release

Iberdrola Plans to Build Photovoltaic Panel Manufacturing Plant in Spain with European Funding

(IN BRIEF) Iberdrola has submitted a proposal for a photovoltaic panel manufacturing plant to the European Commission’s Innovation Fund. The plant will have a production capacity of 1.6 GW per year, equivalent to 3 million panels, and could cover a … Read the full press release