Category Archives: Business

Business Press Releases & News distributed via EuropaWire

AGRANA Beteiligungs-AG celebrates 25 years with Rudolf Buchbinder concert

AGRANA and Theatre an der Wien are donating EUR 70,000 to „Malteser Care Ring – Kinderhilfe“ and „Hilfe im eigenen Land – Katastrophenhilfe Österreich“. Vienna, Austria, 25-11-2013 — /EuropaWire/ — AGRANA Beteiligungs-AG celebrates 25 years since its foundation this year. Since its … Read the full press release

AarhusKarlshamn AB (AAK) comments on the New Nordic Nutrition Recommendations

Malmö, Sweden, 22-11-2013 — /EuropaWire/ — The new Nordic Nutrition Recommendations with focus on decreasing the consumption of saturated fats has recently been published commissioned by the Nordic Council of Ministers. AAK has since many years focused on eliminating trans fatty acids … Read the full press release

Slovenian generic pharmaceutical company Krka Group announced EUR 857.8 million sales in the first 9 months of 2013, up 5% YoY

Novo mesto, Slovenia, 22-11-2013 — /EuropaWire/ — The Management Board of Krka, d. d. held a press conference today presenting to the public the performance results of the Krka Group and the Krka Company for the first nine months of 2013, which … Read the full press release

Hungarian oil company MOL and Japanese JSR Corp begun construction of synthetic rubber (S-SBR) factory in Tiszaújváros, Northern Hungary

The plant is a joint venture of MOL and the Japanese JSR Corporation New plant to produce 60,000 tons of synthetic rubber from 2017 The investment is a clear step forward for MOL’s petrochemical value chain Budapest, Hungary, 22-11-2013 — /EuropaWire/ — MOL … Read the full press release

Latvia’s largest independent private bank ABLV Bank reported EUR 36.3 million profit in the first 9 months of 2013

Riga, Latvia, 22-11-2013 — /EuropaWire/ — Q3 2013 was successful for ABLV Bank, AS and the group. The business volume and all major performance indicators continued to grow. Over 9 months of 2013, the group’s profit amounted to LVL 27.7 million (EUR … Read the full press release

Škoda Transportation established new subsidiary in Munich called Škoda Transportation Deutschland GmbH

Plzeň, Czech Republic / Munich, Germany, 22-11-2013 — /EuropaWire/ — Škoda Transportation has established a new subsidiary in the German city of Munich called Škoda Transportation Deutschland GmbH. Plzeň Škoda thus confirms that it intends to focus not only on the traditional … Read the full press release

Royal DSM repurchased 346.038 of its own shares between 15 and 21 November 2013 at average price of €59.06

Heerlen, Netherlands, 22-11-2013 — /EuropaWire/ — Royal DSM, the global Life Sciences and Materials Sciences company, has repurchased 346.038 of its own shares in the period from 15 November 2013 up to and including 21 November 2013 at an average price of €59.06. This … Read the full press release

Royal DSM and JLL Partners merge DSM Pharmaceutical Products and Patheon Inc. into new company in USD 2.6 billion transaction

Global CDMO company combines DSM Pharmaceutical Products and Patheon Heerlen, Netherlands, 22-11-2013 — /EuropaWire/ — JLL Partners (“JLL”), a leading middle-market private equity firm, and Royal DSM, the global Life Sciences and Materials Sciences company, today announced the creation of a new … Read the full press release

Arburg Inc. started construction of its new building in Rocky Hill, Connecticut

Ground-breaking ceremony marks start of construction of new Arburg Inc. building in Rocky Hill, Connecticut First-class customer support on an area of 27,000 square feet (2,500 square metres) Machine warehouse for short delivery times Lossburg, Germany, 21-11-2013 — /EuropaWire/ — In October … Read the full press release

SLOVNAFT Group reported 7% year-on-year increase in nine-month net sales to EUR 3.6 billion

Results positively affected by higher exports and company cost-cutting Production of gasoline, diesel fuel and petrochemicals rise Construction officially launched of new polyethylene production line Bratislava, Slovakia, 21-11-2013 — /EuropaWire/ — SLOVNAFT Group has reported a 7% year-on-year increase in nine-month net … Read the full press release

Endesa’s new bidirectional charging points for electric vehicles offer charging power of 10kW

V2G technology is able to power electric vehicles with any excess power returning to the grid. The new V2G (vehicle to grid) charging infrastructure will have charging power of 10kW and allow a vehicle to fully charge in an hour … Read the full press release

Enel and Endesa unveiled new fast-charge point FASTO for all electric vehicles on the market

FASTO, or Fast Together, is the new product to sell recharging services equipped with all three connector types currently used in the market. It can therefore charge electric vehicles made by any manufacturer. An electric vehicle can gain an additional … Read the full press release

CEPSA Group reports €236.2 million accumulated net income in first 9 months of 2013, down 55% YoY

Dwindling refining margins and the slump in domestic consumer demand negatively impacted results in the third quarter. Capital expenditures in January-September 2013 amounted to €686 million. Madrid, Spain, 21-11-2013 — /EuropaWire/ — Accumulated net income for the CEPSA Group at September 30, 2013, on … Read the full press release

ABB signed long-term service agreement (LTSA) with BG Group subsidiary QGC for maintenance of facilities at Queensland Curtis Liquefied Natural Gas

Agreement will help to improve plant productivity and availability at world’s first coal-seam gas project – Queensland Curtis LNG Zurich, Switzerland, 20-11-2013 — /EuropaWire/ — ABB, the leading power and automation technology group, has signed a long-term service agreement (LTSA) with … Read the full press release

K+S Group released Q3 2013 results, lower revenues and earnings

Global potash market characterised by considerable uncertainty and by decreasing international potash prices in the quarter under review Potash and Magnesium Products business unit therefore with lower average price level Salt business sales volume a good 9% above the previous … Read the full press release

ABB’s North Asia head Claudio Facchin appointed Executive Committee Member responsible for Power Systems

Globally experienced ABB systems business leader takes helm of division in December Zurich, Switzerland, 20-11-2013 — /EuropaWire/ — ABB, the leading power and automation technology group, has appointed Claudio Facchin as Executive Committee member responsible for the Power Systems division, effective … Read the full press release

First summit for EU with new Chinese leadership on 16th EU-China Summit – Beijing, 21 November 2013

Brussels, Belgium, 19-11-2013 — /EuropaWire/ — On 21st November 2013, José Manuel Barroso, President of the European Commission, and Herman Van Rompuy, President of the European Council, will meet Chinese Prime Minister Li Keqiang in Beijing for the 16th EU-China Summit. They … Read the full press release

LUKOIL President Alekperov and Tatarstan President Minnikhanov signed 2013 Project Implementation Protocol as part of cooperation agreement

Vilnius, Lithuania, 19-11-2013 — /EuropaWire/ — Vagit Alekperov, OAO LUKOIL President, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed a 2013 Project Implementation Protocol, in Kazan today, as part of the cooperation agreement between the company and the republic’s … Read the full press release

Actividades de Construcción y Servicios, S.A. (ACS) reports €548 million net profit in the first nine months of 2013

Madrid, Spain, 19-11-2013 — /EuropaWire/ — Sales stand at 28,045 Euro million, 85.1% of them from abroad. Consolidated Results Sales in the period accounted for 28,045 Euro million, representing a slight decrease of a 1.5% due to the impact of the exchange … Read the full press release

Solvay and Shanghai 3F New Material Co to establish joint venture in Changshu, China for high performance fluorinated polymers

Brussels, Belgium, 19-11-2013 — /EuropaWire/ — Solvay and Shanghai 3F New Material Co.,Ltd. announce today that they have agreed to establish a production joint venture in Changshu (Jiangsu province, China) to serve the fast-growing Asian market with high performance fluorinated polymers. The … Read the full press release