(IN BRIEF) The LEGO factory in Kladno, Czech Republic, has completed an expansion of its rooftop solar park, more than doubling its renewable energy capacity from 1 MWp to 2.5 MWp. This expansion is expected to reduce the factory’s carbon … Read the full press release
Posted in Business, Commodities, Czech Republic, Denmark, Energy, Gas & Oil, Entertainment, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged carbon emissions, Kladno Factory, LEGO, Michaela T. Horáková, partnership, Solar Energy Capacity, sustainability
(IN BRIEF) On October 10, 2024, Unilever announced the successful sale of its Russian subsidiary to Arnest Group, a local manufacturer specializing in perfumes, cosmetics, and household products. This transaction encompasses Unilever’s entire operations in Russia, including its four production … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Commodities, Financial, Government, Industrial, Investment, Management, News, Retail, Science, Technology, United Kingdom
Tagged acquisition, Arnest Group, Hein Schumacher, partnership, RUSSIA, sustainability, Unilever
(IN BRIEF) A recent report by ABN AMRO reveals the significant impact of consumer goods production—specifically trainers, sofas, and smartphones—on global biodiversity, resulting in the destruction of wildlife habitats equivalent to nearly two-thirds the size of the Netherlands annually. The … Read the full press release
Posted in Banks, Business, Commodities, Economy, Environment, Financial, Industrial, Investment, Management, Netherlands, News, Retail, Technology
Tagged ABN Amro, biodiversity, Henk Hofstede, retail, smartphones, Sofas, sustainability, trainers
(IN BRIEF) Germany’s consumer sentiment showed a slight improvement in September 2024, according to the latest GfK report. After a significant drop the previous month, income expectations and willingness to buy have increased, resulting in a modest rise in the … Read the full press release
Posted in Business, Commodities, Economy, Financial, Germany, Industrial, Investment, Management, News, Retail
Tagged consumer, economy, Financial, Germany, GfK, Rolf Bürkl
(IN BRIEF) Unilever and Accenture are enhancing their partnership to set a new benchmark in generative AI-driven productivity. Through a multi-year program, Unilever aims to build on its existing AI applications and leverage Accenture’s GenWizard platform to drive efficiencies, cost … Read the full press release
Posted in Artificial Intelligence (AI), Business, Commodities, Financial, Government, Industrial, Investment, Ireland, Management, News, Technology, United Kingdom
Tagged Accenture, AI, GenWizard platform, Hein Schumacher, Julie Sweet, partnership, Unilever
(IN BRIEF) Nestlé has announced a significant leadership change with the appointment of Laurent Freixe as the new CEO, effective September 1, 2024. Freixe, who has been with Nestlé since 1986 and currently serves as Executive Vice President and CEO … Read the full press release
Posted in Business, Commodities, Food & Beverage, Industrial, Management, News, Switzerland
Tagged appointment, CEO, Laurent Freixe, leadership, Mark Schneider, Nestlé, Paul Bulcke
(IN BRIEF) Unilever has sold its stake in Qinyuan Group, known for water purification solutions in China, to Yong Chao Venture Capital Co., Ltd. This move is part of Unilever’s Growth Action Plan to focus on higher-growth areas. Eduardo Campanella, … Read the full press release
Posted in Business, Commodities, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, CHINA, Eduardo Campanella, Mr. Ye Jianrong, partnership, Qinyuan Group, sustainability, Unilever, Yong Chao Venture Capital Co. Ltd.
(IN BRIEF) Skanska has signed a CZK 1.3 billion contract with The Railway Administration of the Czech Republic to modernize Jihlava-City railway station. The project, which includes new tracks, switches, security systems, barrier-free platforms, and a new station building, aims … Read the full press release
(IN BRIEF) Unilever has agreed to sell its water purification business, Pureit, to A. O. Smith, a leading global water technology company. Pureit, which operates in countries including India, Bangladesh, Sri Lanka, Vietnam, and Mexico, offers a range of water … Read the full press release
Posted in Business, Commodities, Environment, Financial, Government, Industrial, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged A. O. Smith, acquisition, Bangladesh, Eduardo Campanella, INDIA, Kevin J. Wheeler, Mexico, partnership, Pureit, Sri Lanka, sustainability, Unilever, USA, Vietnam, Water Purification Business
(IN BRIEF) Holcim is accelerating its adoption of Artificial Intelligence (AI) across its global manufacturing network, with plans to implement AI at over 100 plants worldwide by 2028. Already operational at 45 sites to predict and prevent failures, Holcim aims … Read the full press release
(IN BRIEF) Unilever has announced its first-quarter results for 2024, revealing a 4.4% increase in underlying sales growth, driven by a 2.2% rise in volume. All five business groups reported growth, led by Beauty & Wellbeing. Turnover reached €15.0 billion, … Read the full press release
Posted in Business, Commodities, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Financial, Hein Schumacher, investment, Q1 2024 Results, Unilever
(IN BRIEF) Symrise AG kicked off the 2024 fiscal year with a successful start, reporting a 5% increase in sales to €1.3 billion, supported by robust demand and organic growth of 10.9%. Dr. Jean-Yves Parisot, CEO, expressed optimism for the … Read the full press release
Posted in Business, Commodities, Economy, Financial, Food & Beverage, Germany, Industrial, Investment, Management, News
Tagged Dr. Jean-Yves Parisot, Financial, investment, Symrise AG
(IN BRIEF) Unilever introduces Wonder Wash, a groundbreaking laundry detergent under its Dirt Is Good brand, designed to excel even in short 15-minute cycles. Leveraging robotics and AI, Unilever has developed a science-backed solution to address evolving laundry needs, catering … Read the full press release
(IN BRIEF) In the wake of cyclone “GAMANE” striking Madagascar’s SAVA region, affecting the main vanilla growing area, Symrise ensures the safety of its 200 employees and extends aid to the affected community. The cyclone caused flooding, damaging houses, rice … Read the full press release
Posted in Business, Commodities, Financial, Food & Beverage, Germany, Government, Industrial, Management, News
Tagged Cyclone "GAMANE", Madagascar, relief efforts, Symrise
(IN BRIEF) The latest GfK Consumer Climate Report reveals a gradual improvement in consumer sentiment in Germany, with slight increases in economic expectations and income optimism. However, the willingness to buy remains low despite rising income, reflecting persistent consumer uncertainty … Read the full press release
Posted in Business, Commodities, Economy, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News, Retail
Tagged Consumer Climate Report, economy, Financial, Germany, GfK, investment, Nuremberg Institute for Market Decisions (NIM), Rolf Bürkl
(IN BRIEF) Symrise introduces the latest edition of its proprietary trend tool, Trendscope™ 2024+, aimed at deciphering consumer trends shaping the food and beverage industry. The tool amalgamates qualitative and quantitative research methods to identify key drivers such as naturalness, … Read the full press release
(IN BRIEF) Isobionics®, a BASF Aroma Ingredients brand, introduces its latest natural flavor, beta-Caryophyllene 80, at the FlavourTalk Raw Materials Exhibition 2024. Developed to meet specific customer requirements, this flavor expands Isobionics®’ portfolio beyond citrus products. Made using cutting-edge biotechnology, … Read the full press release
Posted in Business, Chemicals, Commodities, Environment, Financial, Industrial, Investment, Management, Media, Netherlands, News, Science, Technology
Tagged BASF, beta-Caryophyllene 80, FlavourTalk Exhibition, Giovanni D’Andola, innovative, Isobionics®, Natural Flavor
(IN BRIEF) Unilever has announced the appointment of Heiko Schipper as President of the Nutrition Business Group, effective May 1, 2024. Heiko, currently serving as President of Bayer Consumer Health, brings extensive experience and a successful track record in the … Read the full press release
Posted in Business, Commodities, Food & Beverage, Industrial, Management, News, United Kingdom
Tagged appointment, Heiko Schipper, Hein Schumacher, leadership, Nutrition Business Group, President, Unilever
(IN BRIEF) Ahold Delhaize unveils its 2023 Annual Report, highlighting its financial and non-financial performance amidst challenging circumstances. The report underscores the company’s dedication to creating value for customers and communities while advancing towards a healthier and sustainable food system. … Read the full press release
Posted in Business, Commodities, Economy, Environment, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, News, Retail
Tagged 2023 Annual Report, Ahold Delhaize, Commitment, Financial, Frans Muller, investment, resilience, sustainability
(IN BRIEF) Nestlé has announced its proposal of Geraldine Matchett, former Co-Chief Executive Officer and CFO of DSM-Firmenich AG, for election to its Board of Directors at the upcoming Annual General Meeting on April 18, 2024. This move comes as … Read the full press release
Posted in Business, Commodities, Food & Beverage, Industrial, Management, News, Switzerland
Tagged appointment, Board of Directors, Geraldine Matchett, Henri de Castries, Kimberly A. Ross, leadership, Nestlé, Paul Bulcke
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