Category Archives: Germany

Press Releases & News from Germany distributed via EuropaWire

Europart to acquire Swedish Parts Dealers LVD and Trailereffekter from Axel Johnson International AB

Hagen (Germany) / Stockholm (Sweden), 23-Mar-2016 — /EuropaWire/ — Europart, a Triton Fund II portfolio company, has completed the acquisition of Swedish Parts Dealers LVD and Trailereffekter from Axel Johnson International AB. This acquisition is expected to improve Europart’s position in … Read the full press release

OTTO reports 10 percent increase of revenues for 2015/16

HAMBURG, 22-Mar-2016 — /EuropaWire/ — The single company OTTO further increased its growth rate in the financial year now closed, with revenues climbing by some ten percent to reach an overall 2.561 billion euros for 2015/16. The online retailer reports overproportional … Read the full press release

NORMA Group to provide NORMAPLAST hose connectors and screw-in connectors for solar-powered sterilization device prototype

Maintal/Kassel, Germany, 22-Mar-2016 — /EuropaWire/ — NORMA Group, a global market leader in engineered joining technology, will be providing NORMAPLAST hose connectors and screw-in connectors for the prototype of a solar-powered sterilization device for use in developing countries. The LifeShift Sterilizer, … Read the full press release

Deutsche Börse Group’s Ashwin Kumar: Blockchain has the potential to bring significant changes to the way the financial industry operates

ESCHBORN, 22-Mar-2016 — /EuropaWire/ — A new technology is causing a stir in the FinTech community: Blockchain has many market experts believing that it is the greatest achievement of the past decade for financial technology and the most important digital … Read the full press release

Eurex launches Euro STOXX 50 quanto futures

ESCHBORN, 22-Mar-2016 — /EuropaWire/ — Launch of USD-denominated futures on the Euro STOXX 50 index as of 21 March 2016 Eurex, one of the world’s leading derivatives exchanges and part of Deutsche Börse Group, will introduce Euro STOXX 50 quanto futures … Read the full press release

Continental, DT, Fraunhofer ESK Institute, Nokia project for connected car won the top award in the best-practice competition of the Intelligent Networking Initiative

Initiative organized by the German Federal Ministry for Economic Affairs and Energy honors best-practice solutions for intelligent networking Top spot for “Real-Time Communication between vehicles via the LTE Mobile Network” Project aim: to improve road safety and prevent traffic jams … Read the full press release

Salzgitter AG presents at three trade shows in April 2016

Salzgitter, Germany, 16-Mar-2016 — /EuropaWire/ — In April 2016, Salzgitter AG will be on location at three important trade fair dates in a row. The Group is appearing with its subsidiaries at the TUBE event in Düsseldorf, the BAUMA trade fair … Read the full press release

Volkswagen Financial Services Chairman Lars Henner Santelmann: 2015 was both an eventful and an outstanding financial year

• Operating result: 1.9 billion euros (+12.9%) • Total assets: 157.9 billion euros (+14.9%) • Portfolio: 16.6 million contracts (+11.4%)  Braunschweig/Frankfurt am Main, 16-Mar-2016 — /EuropaWire/ — Volkswagen Financial Services have again grown substantially during the 2015 financial year. At this … Read the full press release

Continental Corporation to distribute record €150 million value-sharing bonus to employees worldwide

Distribution of around €150 million worldwide for successful fiscal 2015 HANOVER, 14-Mar-2016 — /EuropaWire/ — The Continental Corporation is once again increasing its value-sharing bonus for employees worldwide. For fiscal 2015, the company is distributing a record sum of around … Read the full press release

Surface specialist Benecke-Kaliko opens new plant in Changzhou, China; Capacity for Acella doubled

Site produces 10 million m2 of environment-friendly Acella Eco annually High demand for low-emission trim and upholstery materials Reaching the customer even faster: Chinese automotive industry benefits from expansion in production Hanover/Changzhou, 14-Mar-2016 — /EuropaWire/ — Following a year of construction, … Read the full press release

RWE Group: Net debt down almost one-fifth to €25.1 billion in FY 2015

Net debt down almost one fifth Result for Renewables Division more than doubles Conventional power generation still under pressure Lower result expected for 2016 Proposal to suspend dividend for holders of common shares a hard but necessary measure ESSEN, 11-Mar-2016 … Read the full press release

HDE-Hauptgeschäftsführer Stefan Genth: Umsatzsteuer auf Sachspenden abschaffen

BERLIN, 11-Mar-2016 — /EuropaWire/ — In einem Schreiben an die Europäische Kommission und das Bundesfinanzministerium fordert der Handelsverband Deutschland (HDE) gemeinsam mit weiteren Wirtschaftsverbänden die Abschaffung der Umsatzsteuerpflicht für Sachspenden. „In der aktuellen Flüchtlingskrise spenden viele Handelsunternehmen Waren zur Notversorgung. Die … Read the full press release

Covestro works with RWTH Aachen University and the Technical University of Berlin on new environmentally friendly manufacture of elastomers

German Ministry of Research funds a further project for plastics with CO2 Covestro and partners working on new climate-friendly process Leverkusen, Germany, 10-Mar-2016 — /EuropaWire/ — Carbon dioxide is being used ever more widely as a novel raw material in plastics … Read the full press release

Covestro to exhibit LED lighting solutions using polycarbonate sheets at the light+building tradeshow in Frankfurt am Main, March 13 to 18

Covestro products ideal for current trends in architecture Leverkusen, Germany, 10-Mar-2016 — /EuropaWire/ — Among its exhibits for the light+building tradeshow taking place in Frankfurt am Main, Germany, from March 13 to 18, 2016, Covestro will be demonstrating modern LED lighting … Read the full press release

Covestro suports LED technology with cooling elements to ensure high light yield and long service life for the lamps

Covestro develops special plastic for energy-efficient lighting Benefits of polycarbonate – excellent thermal conductivity, plenty of design freedom Leverkusen, Germany, 10-Mar-2016 — /EuropaWire/ — LED is the lighting of the future, and its use is becoming more and more widespread. For … Read the full press release

Covestro and NANODAX to develop innovative polycarbonate composites reinforced with glass wool

Covestro and NANODAX reach agreement on development collaboration Reinforcement with glass wool / Potential applications in the automotive, IT and electronics industries Leverkusen, Germany, 10-Mar-2016 — /EuropaWire/ — Covestro and NANODAX Co., Ltd. have signed an agreement on the development of … Read the full press release

Euro area economy will remain on a path of recovery this year – KfW Business Cycle Compass Euro Area

KfW Research expects GDP growth of 1.6% for 2016 and 1.8% for 2017 Private consumption is driving growth while investment is held back by uncertainties The main risks to the recovery are financial market turbulence, slower growth in emerging economies … Read the full press release

Rolls-Royce: MTU Turkey signs contract with Istanbul-based Bilgin Yachts for the supply of six MTU engines

80.1-m Bilgin 263 yacht to be powered by twin MTU 16V 4000 units Long-standing partnership between MTU and Bilgin FRIEDRICHSHAFEN, GERMANY/ ISTANBUL, TURKEY, 09-Mar-2016 — /EuropaWire/ — MTU Turkey has signed a contract with Istanbul-based Bilgin Yachts for the supply of … Read the full press release

E.ON’s 2015 operating results in line with expectations

Dividend proposal of €0.50 per share confirmed EBITDA of €7.6 billion at upper end of forecast range, underlying net income at €1.6 billion Substantial net loss due to significant impairment charges Economic net debt reduced by €5.7 billion Full-year 2016 … Read the full press release

Karl-Ludwig Kley to succeed Werner Wenning as E.ON Supervisory Board Chairman

Werner Wenning to step down as Supervisory Board Chairman after the Annual General Meeting, Karl-Ludwig Kley proposed as successor Düsseldorf, 09-Mar-2016 — /EuropaWire/ — The Supervisory Board Chairman of E.ON SE, Werner Wenning, will end his service at the end of … Read the full press release