Category Archives: Industrial

Industrial Press Releases & News distributed via EuropaWire

ASSA ABLOY Sells PACA Elevator Maintenance Business in France to KONE

(IN BRIEF) ASSA ABLOY has completed the sale of its elevator maintenance business, PACA ascenseur (“PACA”), located in Southern France, to KONE. The sale is part of ASSA ABLOY’s strategic focus on its core business portfolio. PACA, with approximately 210 … Read the full press release

NIDUS-Family Therapy Shows Promise in Helping People with Dementia Achieve Personal Goals

(IN BRIEF) A recent study led by Queen Mary University of London, in collaboration with the University of Exeter, highlights the efficacy of a new therapy called NIDUS-Family in assisting individuals with dementia and their family carers in achieving their … Read the full press release

FLSmidth Establishes Dedicated Business Line for PCV to Support CORE’26 Mining Strategy

(IN BRIEF) FLSmidth, a prominent player in the mining industry, has unveiled a dedicated business line for PCV (Pumps, Cyclones, and Valves) to align with its CORE’26 Mining strategy and long-term growth aspirations. The move elevates the responsibility for PCV … Read the full press release

Vodafone and Autobahn GmbH Collaborate to Bring 5G to All German Motorways by 2028

(IN BRIEF) Vodafone and Autobahn GmbH have unveiled plans to expand 5G coverage across all German motorways by 2028. The initiative involves erecting additional cellular masts to eliminate coverage gaps, densify the network, and reduce dropped calls. This extensive 5G … Read the full press release

Societe Generale Appoints Subra Suresh as Chairman of Scientific Advisory Council for ESG Leadership

(IN BRIEF) Societe Generale has named Subra Suresh as Chairman of its newly formed Scientific Advisory Council, effective February 1st. This advisory body is part of the bank’s strategic plan to become a frontrunner in ESG and sustainability. Suresh, a … Read the full press release

BAE Systems Expands Unmanned Aerial Capabilities with Acquisition of Malloy Aeronautics

(IN BRIEF) BAE Systems has completed the acquisition of Malloy Aeronautics, a prominent player in innovative heavy lift drone and aeronautical technologies. Malloy Aeronautics specializes in the design and supply of all-electric uncrewed aerial systems (UAS) for both civilian and … Read the full press release

Volkswagen Group Enhances Transparency by Adding Fitch Ratings to Assess Creditworthiness

(IN BRIEF) The Volkswagen Group, with annual financing requirements of approximately €20 billion, is a regular participant in the international bond markets. To provide greater transparency to investors, Volkswagen AG and Volkswagen Financial Services AG have decided to engage Fitch … Read the full press release

Ericsson and IIT Kharagpur Form Strategic Partnership for Advancing 6G Research in India

(IN BRIEF) Ericsson and the Indian Institute of Technology Kharagpur (IIT Kharagpur) have entered a long-term collaboration focusing on joint research in the fields of AI, Compute, and Radio, with a particular emphasis on 6G technology development. Through this partnership, … Read the full press release

Skanska Hosts CEO Alliance Meeting for Accelerating Europe’s Climate Transition

(IN BRIEF) On February 1, 2024, Skanska organized the CEO Alliance meeting at the European Spallation Source (ESS) in Lund, Sweden, where CEOs of member companies from various industries convened to discuss collaborative strategies for sustainable business development and innovation. … Read the full press release

Acoramidis Shows Positive Results in Japanese Trial for Treating Transthyretin-Mediated Amyloid Cardiomyopathy (ATTR-CM)

(IN BRIEF) In a Phase III trial conducted in Japan, acoramidis, an investigational treatment for transthyretin-mediated amyloid cardiomyopathy (ATTR-CM), demonstrated promising high-level results consistent with the global BridgeBio Pharma, Inc. ATTRibute-CM Phase III trial. The trial in Japan aimed to … Read the full press release

Nuvia, a VINCI Construction Subsidiary, Secures Major Contract for Ringhals Nuclear Plant Decommissioning in Sweden

(IN BRIEF) Swedish energy company Vattenfall has awarded Nuvia, a subsidiary of VINCI Construction, a significant contract to undertake the dismantling of units 1 and 2 at the Ringhals nuclear power plant in Sweden. This comprehensive project, scheduled to run … Read the full press release

Klabin Acknowledges ANDRITZ for Exceptional Performance in Pulp and Paper Mill Expansion

(IN BRIEF) Klabin, the Brazilian pulp and paper company, has officially commended ANDRITZ for their outstanding technical expertise and project management performance during the extensive Puma II pulp and paper mill expansion project in Ortigueira, Brazil. This recognition program was … Read the full press release

Outokumpu Oyj repurchased 245,903 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On February 1, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully completed its share buyback program, repurchasing a total of 245,903 of its own shares across various trading venues at an average price of EUR 3.99 per share, … Read the full press release

trinamiX Unveils Innovative Sensing Solutions for Consumer Electronics and Automotive at MWC 2024

(IN BRIEF) trinamiX GmbH is showcasing its Face Authentication with liveness detection technology for smartphones and vehicles, offering a secure and convenient method to protect devices and data. The solution even detects realistic three-dimensional masks, ensuring user privacy without compromising … Read the full press release

ECHA Contracts BASF and Consortium to Promote Alternative Testing Methods

(IN BRIEF) The European Chemicals Agency (ECHA) has awarded a €4.2 million contract to a consortium led by the Fraunhofer Institute for Toxicology and Experimental Medicine (ITEM) to conduct scientific studies on New Approach Methodologies (NAMs) as alternatives to animal … Read the full press release

Sustainable Transportation Milestone: EIB Allocates €400 Million for Croatia’s Railways

(IN BRIEF) The European Investment Bank (EIB) has signed a €400 million contract with Croatia’s Ministry of Finance to support the country’s railway infrastructure and rolling stock upgrade. Part of a €900 million commitment, this financing aims to promote sustainable … Read the full press release

BAE Systems Delivers New Amphibious Combat Vehicle ACV-30 Variant for U.S. Marine Corps Testing

(IN BRIEF) BAE Systems has delivered the first production representative test vehicle (PRTV) of the new Amphibious Combat Vehicle 30mm Cannon (ACV-30) variant to the U.S. Marine Corps for testing. The ACV-30 equips dismounted Marines with direct fire support and … Read the full press release

Volkswagen and DFB Promote Inclusion and Diversity in Football at SPOBIS Conference in Hamburg

(IN BRIEF) The SPOBIS Conference in Hamburg saw discussions revolving around inclusion, diversity, and football, featuring the German Football Association (DFB) and Volkswagen. The ‘Inclusion in Football’ workshop addressed topics such as inclusive football clubs, emphasizing experiences over results, and … Read the full press release

Saint-Gobain Successfully Concludes Acquisition of International Cellulose Corporation (ICC)

(IN BRIEF) Saint-Gobain, a global leader in sustainable construction materials, has successfully acquired International Cellulose Corporation (ICC), a prominent manufacturer of specialty insulation products in the United States. ICC specializes in producing spray-on thermal insulation, fireproofing solutions, and acoustic finish … Read the full press release

Logicor Expands UK Presence with Forward Funding of 500,000 sq ft Distribution Warehouse in Derby

(IN BRIEF) Logicor, a prominent European logistics real estate owner and developer, is set to grow its presence in the UK by forward funding a 500,000 sq ft distribution warehouse in Derby, located within the logistics hub of the East … Read the full press release