Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Former U.S. Representative Elaine Luria Joins BAE Systems, Inc. Board of Directors

(IN BRIEF) Former U.S. Representative and retired U.S. Navy Commander Elaine Luria has joined the Board of Directors at BAE Systems, Inc. Luria represented Virginia’s Second Congressional District from 2019 to 2023 and served on key committees related to defense … Read the full press release

Electric Transport Initiative: Vattenfall and Coca-Cola Invest in Charging Infrastructure for Heavy Goods Vehicles

(IN BRIEF) Vattenfall and Coca-Cola in Sweden have announced a collaboration to invest in electric heavy goods vehicles (HGVs). The initial phase of the project will involve installing three charging stations at Coca-Cola Europacific Partners’ plant in Jordbro, near Stockholm. … Read the full press release

ANDRITZ Tissue Machines Enhance Production at Liansheng Pulp & Paper’s Zhangzhou Mill

(IN BRIEF) Liansheng Pulp & Paper (Zhangzhou) Co., Ltd. has successfully launched two ANDRITZ tissue machines at its mill in Zhangzhou, China. The machines, known as PrimeLineTM W 2000, have a design speed of 2,000 m/min and a working width … Read the full press release

2X Challenge Achieves Remarkable $16.3 Billion in Gender Lens Investments

(IN BRIEF) 2X Global, an initiative launched by Development Finance Institutions (DFIs), has exceeded its target of raising $15 billion in gender lens investments. From 2021 to 2022, the initiative raised a total of $16.3 billion, benefiting 473 businesses across … Read the full press release

Bentley Drives Towards Carbon Neutrality with Launch of Sustainability Council and Publication of Sustainability Report

(IN BRIEF) Luxury automotive brand Bentley has launched its Bentley Sustainability Council, consisting of three experts, as part of its commitment to sustainability. The council will advise the company on its Beyond100 strategy and help achieve carbon neutrality by 2030. … Read the full press release

Volvo Group Partners with Vattenfall for Renewable Electricity Supply from Bruzaholm Wind Park

(IN BRIEF) Volvo Group has entered a long-term agreement with Vattenfall, Sweden’s largest renewable electricity producer, to purchase 50% of the renewable electricity generated at the Bruzaholm wind park over a 10-year period. The partnership is part of Volvo Group’s … Read the full press release

Global Design Competition by Bentley Motors and Dezeen Sets Stage for Sustainable Luxury Retail

(IN BRIEF) Bentley Motors and Dezeen have teamed up to launch a global design competition called ‘The Future of Luxury Retail’. The competition invites architects and designers to explore innovative ideas and experiences that will shape the luxury retail industry … Read the full press release

Amundi and CACEIS Collaborate to Strengthen Fund Channel’s Position in B-2-B Fund Distribution

(IN BRIEF) Amundi and CACEIS have successfully completed their strategic agreement to accelerate the growth of Fund Channel, a prominent B-2-B fund distribution platform. With CACEIS now holding a 33.33% stake and Amundi remaining the majority shareholder, Fund Channel aims … Read the full press release

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