(IN BRIEF) Deutsche Bank is significantly increasing its investment in Indonesia by doubling its local capital to IDR 10 trillion (EUR 600 million). This move reflects the bank’s commitment to the Indonesian market, where it has a 54-year history. It … Read the full press release
Posted in Banks, Financial, Germany, Investment
Tagged Alexander von zur Muehlen, Cash Management, custody, Deutsche Bank, FX, Indonesia, Investment Banking, Siantoro Goeyardi, trade finance
(IN BRIEF) ZF, a technology company, has announced a change in its business model for the global shuttle business, opting to refocus on becoming a leading technology supplier for autonomous driving. The company has decided to abandon its previous goal … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged Autonomous Driving Technology, supplier, ZF
(IN BRIEF) Voith, a technology company, is set to supply electrical and mechanical equipment for Angola’s Caculo Cabaça hydropower plant. The order includes the installation of turbines, generators, control systems, and training programs. Located on the Kwanza River, the plant … Read the full press release
(IN BRIEF) Wood, a global consulting and engineering firm, has been awarded a contract by Dragados Offshore to design and support the development of three massive 2GW convertor stations in the German North Sea. These stations will transfer offshore wind … Read the full press release
(IN BRIEF) BioNTech has achieved a significant milestone in expanding mRNA vaccine manufacturing in Africa with the inauguration of its Kigali site, which includes the first manufacturing unit known as BioNTainer. This move is part of BioNTech’s broader efforts to … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged Africa, BioNTainer, BioNTech, Dr. Jean Kaseya, H.E. Macky Sall, H.E. Paul Kagame, H.E. Ursula von der Leyen, Hon. Annalena Baerbock, Moussa Faki Mahamat, mRNA Vaccine, Prof. Ugur Sahin, Rwanda, Sierk Poetting, vaccine
(IN BRIEF) Effective from March 1, 2024, Jörg Vocke will take over as the new CEO of Siemens Real Estate (SRE), the real estate subsidiary of Siemens. Reporting directly to Ralf P. Thomas, Chief Financial Officer of Siemens AG, Vocke … Read the full press release
Posted in Business, Germany, Industrial, Management, News, Real Estate, Technology
Tagged appointment, CEO, Jörg Vocke, leadership, Ralf P. Thomas, Siemens Real Estate, Zsolt Sluitner
(IN BRIEF) On December 16, Mercedes-Benz achieved a significant milestone by obtaining conditional approval for its Level 3 conditionally automated driving system in Beijing, becoming one of the first automakers to do so. The automaker plans to conduct tests of … Read the full press release
Posted in Automotive, Business, Economy, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged Beijing, CHINA, Conditional Automated Driving License, Markus Schäfer, Mercedes-Benz, partnership, sustainability
(IN BRIEF) The European Investment Bank (EIB) has granted a significant €175 million loan to Northern Fiber Holding Group (NFH) to support the expansion of its fiber optic network in northern Germany. This funding, in addition to the €240 million … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Ambroise Fayolle, Andrew Morris, EIB, fiber-optic network, Franz von Abendroth, Northern Fiber Holding Group, Northern Germany, partnership, Richard Krause, sustainability
(IN BRIEF) Evonik has completed the acquisition of Thai Peroxide Company Limited (TPL), a former joint venture, to expand its specialty-grade hydrogen peroxide and peracetic acid offerings in the Asia Pacific region. TPL is a significant regional supplier of these … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged acquisition, Active Oxygens, Asia Pacific, Claus Rettig, Evonik, Lauren Kjeldsen, Michael Träxler, partnership, Specialty Peroxides, sustainability, Thai Peroxide Company
(IN BRIEF) Specialty chemicals company Evonik is investing double-digit millions of euros to expand its POLYVEST® HT plant in Marl, Germany. This expansion, expected to be completed by the second quarter of 2024, will increase production capacity for hydroxyl-terminated polybutadienes … Read the full press release
(IN BRIEF) The Hungarian government and Rheinmetall have signed a €288 million contract to jointly develop the Panther KF51 next-generation main battle tank, taking it to production maturity. The project involves the creation of a demonstrator vehicle and its qualification … Read the full press release
(IN BRIEF) Nicola Beer has been appointed as the first female Vice-President on the European Investment Bank’s (EIB) Management Committee, representing Germany. With a background in law and politics, Beer brings extensive experience from her roles as a member of … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News
Tagged appointment, EIB, First Female German Vice-President, Germany, ledership, management committee, Nicola Beer, partnership, Werner Hoyer
(IN BRIEF) Infineon Technologies AG unveils the 4.5 kV XHP™ 3 IGBT modules, marking a significant shift in medium voltage drives (MVD) and transportation applications. These innovative modules are set to simplify design, reduce component count, and enhance efficiency for … Read the full press release
(IN BRIEF) Heidelberg Materials has secured €191 million in funding from the EU Innovation Fund for its GeZero project, in partnership with the Geseke cement plant in Northern Germany. GeZero aims to establish a comprehensive Carbon Capture and Storage (CCS) … Read the full press release
(IN BRIEF) The German Bundeswehr has signed a contract with Airbus Helicopters for the acquisition of up to 82 multi-role H145M helicopters, comprising 62 firm orders and 20 options. This order is not only the largest ever for the H145M … Read the full press release
Posted in Aviation & Aerospace, Business, Environment, Financial, Germany, Industrial, Investment, Management, News, Transportation & Logistics
Tagged acquisition, Airbus, Bruno Even, German Bundeswehr, H145M, helicopters, partnership, sustainability
(IN BRIEF) The European Payments Initiative (EPI) has achieved a significant milestone by successfully completing its first account-to-account instant payment transactions using its newly developed solution, wero. In a proof of concept conducted between Sparkasse Elbe-Elster in Germany and Banque … Read the full press release
Posted in Banks, Belgium, Business, Economy, Financial, France, Germany, Industrial, Investment, Management, News, Technology
Tagged Banque Populaire, Caisse d’Epargne (Groupe BPCE), DSGV, European Payments Initiative (EPI), Germany, Instant Payment Transactions, Joachim Schmalzl, Martina Weimert, partnership, Sparkasse Elbe-Elster, wero, Yves Tyrode
(IN BRIEF) Mecalux, a global provider of warehouse solutions, and Siemens have partnered to enhance industrial automation technologies. They have introduced a pioneering solution, utilizing artificial intelligence, to optimize warehouse picking tasks. The solution, based on Siemens’ Xcelerator platform, leverages … Read the full press release
(IN BRIEF) Siemens Mobility has secured a significant order worth around €500 million to deliver 75 Mireo trains for the “Central German S-Bahn Network 2025+” (MDSB 2025+) project. The order includes 41 three-car Mireo trains, 18 four-car Mireo trains, and … Read the full press release
(IN BRIEF) During a recent Supervisory Board meeting, Mercedes-Benz Group AG announced the extension of management contracts for two key executives. Sabine Kohleisen, the Board Member for Human Resources & Labour Director, had her contract extended until November 30, 2025, … Read the full press release
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and Siemens, a technology company, have announced a partnership to use Outokumpu’s Circle Green®, a stainless steel variant with up to a 93% lower carbon footprint than the industry average, … Read the full press release
Posted in Business, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Niklas Wass, Outokumpu, partnership, Siemens, Stephan May, sustainability, switchgear, zero stainless steel
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