Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Salzgitter Flachstahl GmbH announced it will raise its flat steel prices by € 30 per ton as from September 1, 2013

Posted on 28, August 2013 by

28-8-2013 — /EuropaWire/ — Salzgitter Flachstahl GmbH will raise its flat steel prices by € 30 per ton for all new orders as from September 1, 2013. Demand for steel products is still running at a healthy level as steel processors in … Read the full press release →

Posted in Business, Germany, Industrial, Metals and Minerals

Tagged , , , , ,

Fortum to close electricity production at its Inkoo coal-fired power plant in Finland

Posted on 28, August 2013 by

28-8-2013 — /EuropaWire/ — Fortum has decided to discontinue electricity production at its Inkoo coal-fired power plant in Finland. Production operations will end in February 2014, after which the company will mothball three units. As a consequence of the decision to cease production, Fortum will … Read the full press release →

Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management

Tagged , , , , , , , ,

Fortum and Maintpartner signed 3-year operation and maintenance agreement regarding Fortum’s hydropower plants in Oulujoki and Imatra, Finland

Posted on 28, August 2013 by

28-8-2013 — /EuropaWire/ — Fortum and Maintpartner have signed a three-year operation and maintenance agreement regarding Fortum’s hydropower plants in the Oulujoki and Imatra regions of Finland. Under the agreement, the local operation and maintenance personnel of Fortum’s hydropower plants will transfer … Read the full press release →

Posted in Business, Energy, Gas & Oil, Finland, Infrastructure & Utilities, Management

Tagged , , , , , , , , ,

Kesko Group posted €809.1 million sales in July 2013, up 1.3%

Posted on 28, August 2013 by

28-8-2013 — /EuropaWire/ — The Kesko Group’s sales, excluding VAT, in July 2013 totalled €809.1 million, up 1.3%. In Kesko’s food trade, sales in July were €372.5 million, an increase of 6.2% compared to the previous year. In July, the number of … Read the full press release →

Posted in Business, Financial, Finland, Investment, Retail

Tagged , , , , , , , , , , ,

911 B shares (KESBV) returned to Kesko without consideration in accordance with Kesko’s three-year share-based compensation plan

Posted on 28, August 2013 by

28-8-2013 — /EuropaWire/ — A total of 911 B shares (KESBV) have been returned to Kesko Corporation without consideration in accordance with the terms of Kesko’s three-year share-based compensation plan. The shares had initially been transferred to a person included in the target group … Read the full press release →

Posted in Business, Financial, Finland, Investment, Retail

Tagged , , , , , ,

Statement of Uralkali’s Chairman Alexander Voloshin on Uralkali CEO Vladislav Baumgertner detention in Minsk, Belarus

Posted on 28, August 2013 by

28-8-2013 — /EuropaWire/ — “I consider the detention of Uralkali CEO Vladislav Baumgertner in Minsk on 26 August to be an outrageous act. Economic disputes and various differences which often arise in the course of business should not be dealt with in … Read the full press release →

Posted in Business, Commodities, Government, Industrial, Law, Metals and Minerals, Russia, Society

Tagged , , , , , , , , , , , , , , ,

Stefan Romedahl appointed General Manager of Boliden Tara Mines

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — Stefan Romedahl has been appointed General Manager of Boliden Tara Mines, taking up his position on September 1, 2013. Stefan has around 20 years’ experience of the rock and mining industry. His most recent position was as Project … Read the full press release →

Posted in Business, Industrial, Ireland, Metals and Minerals, Sweden

Tagged , , , , , , ,

ANDRITZ Group to deliver two tissue machines with steel Yankees for the production of high-quality facial and toilet paper to Zhejiang Jingxing Paper, China

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — International technology Group ANDRITZ has received an order from Zhejiang Jingxing Paper, China, to supply two tissue machines with steel Yankees to its location in Pinghu city, Zhejiang Province, for the production of high-quality facial and toilet paper. … Read the full press release →

Posted in Austria, Business, Electronics & Machinery, Industrial, Technology

Tagged , , , , , , , , ,

Outokumpu to provide stainless steel for the façade of China’s highest skyscraper Ping An Finance Center in Shenzhen

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — Outokumpu has won a bid to provide stainless steel for the façade on Ping An Finance Center in Shenzhen, China. The skyscraper’s façade will be the largest stainless steel façade in the world. This contract demonstrates Outokumpu’s vast … Read the full press release →

Posted in Business, Construction, Finland, Industrial, Metals and Minerals

Tagged , , , , , , , , , , , , ,

Aurubis Group reports for significant earnings decline in first nine months of fiscal year 2012/13 due to lower metal prices

Posted on 27, August 2013 by

Hamburg, 27-8-2013 — /EuropaWire/ — The Aurubis Group generated operating earnings before taxes (EBT) of € 133 million in the first nine months of the current fiscal year and was thus not able to follow up on its very good prior-year earnings … Read the full press release →

Posted in Business, Financial, Germany, Industrial, Investment, Metals and Minerals

Tagged , , , , , , , , , , , , , , ,

CEZ Group announced H1 2013 financial results, net income up 5.3% YoY

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — EBITDA rose by CZK 0.9 bn (1.9%) year on year to CZK 49.2 bn. Net Income grew by 5.3% y-o-y to CZK 28.6 bn. The CEZ Group has not changed its expected results for the entire year; EBITDA … Read the full press release →

Posted in Business, Czech Republic, Energy, Gas & Oil, Financial, Investment

Tagged , , , , , , ,

ANDRITZ group to supply new sludge dewatering line for thickening and dewatering of fibrous sludges for Stora Enso’s board mill Skoghall, Sweden

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — International technology Group ANDRITZ has received an order from Stora Enso to supply a new sludge dewatering line for thickening and dewatering of fibrous sludges for the board mill Skoghall, Sweden. With a capacity of up to 750,000 … Read the full press release →

Posted in Austria, Business, Electronics & Machinery, Industrial, Technology

Tagged , , , , , , , ,

BAWAG P.S.K. – Verbesserte Ergebnisentwicklung im 1. Halbjahr 2013

Posted on 27, August 2013 by

Weitere Investitionen in die Kerngeschäftsbereiche Neuausrichtung der Bilanz Beschleunigung des Effizienz- und Produktivitätssteigerungsprogramms Starke Kapital- und Liquiditätsbasis bei konservativem Risikoprofil Verbesserung der CET I-Quote1) auf 12,3% (+4,5%-Punkte in den letzten 18 Monaten) Reduktion der Risikokosten um 17,7% Steigerung des Periodenüberschusses (vor Steuern, … Read the full press release →

Posted in Austria, Banks, Business, Financial, Investment

Tagged , , , , , , , , , , ,

The London Metal Exchange (LME) and Hong Kong Exchanges and Clearing Limited (HKEx) appoint Garry Jones as Chief Executive of the LME to succeed Martin Abbott

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — Hong Kong Exchanges and Clearing Limited (HKEx) and The London Metal Exchange (LME), part of the HKEx Group, are pleased to announce the appointment of Garry Jones as the Chief Executive of the LME to succeed Martin Abbott, … Read the full press release →

Posted in Business, Commodities, Financial, Investment, Management, United Kingdom

Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

EBRD approved its 2013-2016 strategy for Mongolia looking to increase investments in non-natural resource sectors

Posted on 27, August 2013 by

The Bank will focus on sustainable mining but also support development of infrastructure, financial institutions and SMEs. 27-8-2013 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), having approved its 2013-2016 strategy for operations in Mongolia, is aiming to diversify … Read the full press release →

Posted in Banks, Business, European Union, Financial, Infrastructure & Utilities, Investment, Transportation & Logistics

Tagged , , , , , , , , ,

Günther Oettinger, Victor Ponta, Iurie Leancă jointly inaugurated the launch of Romanian-Moldavian gas pipeline works

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — Commissioner for Energy Günther Oettinger, Prime-Minister of Romania Victor Ponta and the Prime-Minister of the Republic of Moldova Iurie Leancă, will today jointly inaugurate the launch of the works for the realisation of the gas interconnector between Ungheni … Read the full press release →

Posted in Business, Energy, Gas & Oil, European Union, Government, Infrastructure & Utilities, Moldova, Romania

Tagged , , , , , , , , , , , , , , , , , ,

Azerbaijan based microfinance institution TBC Kredit received $3.5M loan from EBRD and TaiwanICDF

Posted on 27, August 2013 by

US$ 3.5 million loan to microfinance institution TBC Kredit 27-8-2013 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is lending US$ 2.5 million to TBC Kredit LLC for on-lending to micro, small and medium-sized enterprises (MSMEs) in Azerbaijan. A … Read the full press release →

Posted in Banks, Business, European Union, Financial, Investment, Small Business

Tagged , , , , , , , , , , , , ,

University of Glasgow’s Professor Andy Furlong: Europe’s youth unemployment may not be temporary

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ — Europe’s young people are facing a bleak future with a fragmented and precarious labour market that is only just beginning to be appreciated in the West, according to a paper to be presented this Thursday to the European … Read the full press release →

Posted in Business, Economy, Education, Science, Society, United Kingdom

Tagged , , , , , , , , , , , ,

MYTILINEOS Group posts consolidated €731M turnover in 1H2013, up 2.3% YoY

Posted on 27, August 2013 by

27-8-2013 — /EuropaWire/ —  Continued resilience in particularly adverse domestic and global economic conditions 1H2013 Highlights: Net debt down €170 million in 1H2013, dropping from €725 million to €555 million due to stronger positive cash flows and to the reduction in the amount … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Greece, Industrial, Investment, Metals and Minerals

Tagged , , , , , , , , , , , ,