(IN BRIEF) BayWa AG has completed the sale of its 47.53% stake in RWA Raiffeisen Ware Austria AG (RWA AG), a move that reduces its bank liabilities by over €500 million. The transaction, worth €176 million, followed the necessary regulatory … Read the full press release
Posted in Agriculture, Austria, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged 2028, agriculture, BayWa AG, building materials, ENERGY, financial position, liabilities reduction, liquidity, operational restructuring, partnership, RAIG, regulatory approval, RWA Raiffeisen Ware Austria, sale, stake, sustainabulity, transformation, €176 million
(IN BRIEF) Hydro has unveiled plans to invest in a new wire rod casthouse at its Karmøy aluminium smelter in Norway, aiming to supply aluminium for Europe’s critical energy infrastructure. With a production capacity of 110,000 tonnes per year, the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Investment, Management, Media, Metals and Minerals, News, Norway
Tagged 2028, aluminium, aluminium conductor, automotive, building systems, casthouse products, critical energy infrastructure, Eivind Kallevik, energy transition, EU, Hydro, investment decision, Karmøy, low-carbon aluminium, NOK 15 billion, Norway, power cables, primary aluminium, production capacity, R&D, recycled aluminium, renewable energy, smelting technology, wire rod casthouse
(IN BRIEF) Volkswagen has partnered with the German start-up Revoltech GmbH to develop a 100% bio-based leather alternative made from industrial hemp. This sustainable material, named LOVR™, is being designed for use in car interiors and could be integrated into … Read the full press release
Posted in Automotive, Environment, Germany, Industrial
Tagged 2028, ACCELERATE strategy, Andreas Walingen, automotive industry, bio-based adhesive, bio-based leather alternative, car interiors, circular material, collaboration, Components Development, compostable, customer feedback, design, eco-friendly, Germany, hemp fibers, industrial hemp, Kai Grünitz, large-scale production, LOVR™, Lucas Fuhrmann, Materials Technology, recyclable, resource conservation, Revoltech GmbH, sustainability, sustainable material, Volkswagen, Volkswagen Group Innovation
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