(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
(IN BRIEF) Infineon Technologies AG has announced the expansion of its MOTIX™ product family, focusing on automotive and industrial motor control applications. The expansion introduces four new 2-channel MOTIX gate driver ICs, namely 2ED2742S01G, 2ED2732S01G, 2ED2748S01G, and 2ED2738S01G. These 160 … Read the full press release
Posted in Automotive, Business, Environment, Germany, Industrial, Management, News, Technology
Tagged automotive, Driver ICs, Industrial Motor Control, Infineon, MOTIX™ Product Line
(IN BRIEF) Continental Tires the Americas, LLC, has appointed Shane Messner as the Head of Bicycle the Americas, a strategic move coinciding with increased investment in the North American market. Continental recently announced plans to strengthen its presence in the … Read the full press release
Posted in Automotive, Germany, Management
Tagged appointment, Continental Tires the Americas, leadership, Shane Messner Bicycle, Spiridon Spiridonou
(IN BRIEF) EnBW Energie Baden-Württemberg AG has received a broad majority approval from creditors for the insolvency plan of biomethane trader bmp greengas GmbH. EnBW, the sole bidder, submitted a binding offer in October to fund the insolvency plan, which … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged acquisition, bmp greengas GmbH, EnBW, partnership, sustainability, VNG H&V
(IN BRIEF) The Voith Group has demonstrated resilience and achieved strong results during the 2022/23 fiscal year, navigating a challenging economic environment successfully. The company reported positive growth across key performance indicators, with orders received surpassing expectations at €6.14 billion, … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Dr. Toralf Haag, Environment, Financial, investment, sustainability, Voith Group
(IN BRIEF) Henkel, a global leader in adhesives, participated in a panel discussion hosted by Schneider Electric at the United Nations Climate Change Conference (COP28). The panel, titled “Beyond Carbon – Decarbonizing the Supply Chain for a Greener Tomorrow,” focused … Read the full press release
Posted in Business, Chemicals, Environment, Germany, Government, Industrial, Management, Media, News
Tagged climate change conference, COP28, decarbonization, Dr. Philipp Loosen, Henkel, partnership, Schneider Electric, supply chain, sustainability, UN
(IN BRIEF) Austria’s Ministry of Defence has awarded Rheinmetall a contract worth €532 million (excluding value-added tax) for the comprehensive modernization of its existing Skyguard air defense systems, as part of its “Mission Forward” rearmament program. This ambitious project includes … Read the full press release
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