Tag Archives: joint venture

BAE Systems, Leonardo and Japanese Partner Form Edgewing to Lead Next-Gen Combat Aircraft Design

(IN BRIEF) Edgewing, a joint venture of BAE Systems, Leonardo and Japan Aircraft Industrial Enhancement Co. Ltd., has been launched to take design authority for the next-generation combat aircraft under the Global Combat Air Programme. With Marco Zoff as CEO, … Read the full press release

New Safran-HAL Agreement Advances Make in India with Inconel Component Manufacturing for LEAP Engines

(IN BRIEF) Safran Aircraft Engines and HAL have expanded their partnership with a new agreement at the Paris Air Show to produce rotating Inconel components for LEAP engines in India. Building on previous MoUs and contracts, this deal commits HAL … Read the full press release

Sika and Sulzer Launch Joint Venture to Revolutionize Plastics Recycling in the Construction Industry

(IN BRIEF) Sika and Sulzer have signed an MoU to establish a joint venture focused on plastics recycling in the construction industry. The venture aims to address the inefficiencies in current recycling methods by combining mechanical and chemical processes to … Read the full press release

bp Trinidad and Tobago Announces First Gas from Mento Development, Marks Key Milestone

(IN BRIEF) bp Trinidad and Tobago (bpTT) has announced the successful delivery of first gas from the Mento development, a 50/50 joint venture with EOG Resources Trinidad Ltd. The development, which features a 12-slot attended facility off the southeast coast … Read the full press release

Eni Launches Gas Production from Merakes East Field in Indonesia’s Kutei Basin

(IN BRIEF) Eni has successfully launched gas production from the Merakes East field in Indonesia’s Kutei basin, marking a significant milestone in the company’s expansion efforts in Southeast Asia. The field will provide up to 100 MMSCFD of gas, contributing … Read the full press release

Rheinmetall and ICEYE to Launch Joint Venture for SAR Satellite Production, Strengthening Germany’s Space Technology Capabilities

(IN BRIEF) Rheinmetall and ICEYE have signed an MoU to establish Rheinmetall ICEYE Space Solutions, a joint venture focused on satellite production, with an emphasis on SAR (Synthetic Aperture Radar) satellites for military and security purposes. The partnership will begin … Read the full press release

EPPM and Drax Announce 20-Year Joint Venture to Transform Legacy Coal Ash into Sustainable Fly Ash for UK Construction

(IN BRIEF) EP Power Minerals GmbH (EPPM), part of Energetický a průmyslový holding (EPH), has entered into a 20-year joint venture agreement with Drax Power Limited through its subsidiary Power Minerals Limited (PML). This collaboration will create a new, state-of-the-art … Read the full press release

Joint Venture Launch: Solease and Eneco Unite to Revolutionize Sustainable Business Premises with GroenGebouw™

(IN BRIEF) Solease and Eneco have formed a joint venture to exclusively promote Eneco’s new business product, Eneco GroenGebouw™, a full-service concept designed to boost the sustainability of commercial premises. This collaboration will provide property owners with end-to-end services—from energy … Read the full press release

SUEZ and Sonadezi Forge First Industrial Park Venture in Vietnam to Boost Sustainable Growth

(IN BRIEF) SUEZ has partnered with Sonadezi, a state-owned enterprise managing 11 industrial parks in Vietnam, to provide integrated environmental solutions at the largest industrial park in South Vietnam. This joint venture is SUEZ’s first in Vietnam’s industrial park sector … Read the full press release

Voith Paper Welcomes Andreas Batzer as CFO to Drive Financial Innovation and Growth

(IN BRIEF) Andreas Batzer was named the new CFO and management board member of Voith Paper in March 2025, reporting directly to President & CEO Andreas Endters. Replacing Ralf Sorg—who now serves solely as President Projects—Batzer is responsible for leading … Read the full press release

Prudential and Vama Forge New Health Insurance Venture to Propel India’s ‘Insurance for All’ Ambitions

(IN BRIEF) Prudential plc has announced a joint venture with Vama Sundari Investments (Delhi) Private Limited to establish a standalone health insurance business in India. Under the new arrangement, Prudential Group Holdings Limited will hold a 70% stake, while Vama … Read the full press release

Andritz and Schuler Unveil Strategic Alliance to Transform Metal Processing

(IN BRIEF) Andritz and Schuler have today unveiled their new joint venture, the Schuler Andritz Group, signaling a significant advancement in the metals industry. The alliance brings together Andritz’s global engineering and digitalization capabilities with Schuler’s advanced metal forming technology. … Read the full press release

New Strategic Partnership Boosts South Djengeldi Uranium Project with Global Investment and Ambitious Expansion Plans

(IN BRIEF) Orano and Navoiyuran have formalized an agreement to advance the South Djengeldi uranium mining project within their joint venture, Nurlikum Mining, by integrating it into Navoiyuran’s existing industrial base. The deal also brings Japan’s ITOCHU Corporation on board … Read the full press release

Eni and PETRONAS Announce Strategic Joint Venture to Develop Upstream Assets in Malaysia and Indonesia

(IN BRIEF) Eni and PETRONAS have entered into an exclusive Memorandum of Understanding to establish a joint venture holding company focused on selected upstream assets in Malaysia and Indonesia. The partnership aims to drive growth in the region, targeting a … Read the full press release

EDGE Group and Indra Forge Strategic Partnership to Enhance UAE’s Naval Defence

(IN BRIEF) EDGE Group’s Abu Dhabi Ship Building (ADSB) has entered a strategic partnership with Spain’s Indra to enhance the FA-400 offshore patrol vessel with advanced radar, electronic warfare, and counter-UAS technologies. The agreement was signed at NAVDEX 2025 in … Read the full press release

Safran Electronics & Defense and IGG Inaugurate Advanced Defense Facility in Abu Dhabi

(IN BRIEF) Safran Electronics & Defense and International Golden Group have launched their Vision for Optronics & Navigation joint venture in Abu Dhabi, which will focus on R&D and the manufacturing of advanced military technology, particularly optronics and navigation systems. … Read the full press release

AD Ports Group and CMA CGM Group Strengthen Partnership with New Multipurpose Terminal Venture in Pointe Noire

(IN BRIEF) AD Ports Group and CMA CGM Group have signed a shareholders’ agreement to jointly develop, manage, and operate the New East Mole multipurpose terminal at the Port of Pointe Noire in Congo-Brazzaville. AD Ports Group received a 30-year … Read the full press release

CA Personal Finance & Mobility Strengthens Electric Vehicle Leasing in China with Acquisition of 50% Stake in GAC-Sofinco Leasing

(IN BRIEF) CA Personal Finance & Mobility has finalized its acquisition of a 50% stake in GAC Finance Leasing, now rebranded as Guangzhou GAC-Sofinco Finance Leasing. This move strengthens the partnership with GAC Group and enhances their leasing offerings in … Read the full press release

Evonik and Fuhua Launch Joint Venture in China to Produce Specialty Hydrogen Peroxide for Key Industries

(IN BRIEF) Evonik and Fuhua Tongda Chemicals have formed a joint venture in Leshan, China, to produce specialty hydrogen peroxide (H2O2) for industries like solar panels, semiconductors, and food packaging. With Evonik holding a 51% stake, the venture aims to … Read the full press release

Kapsch TrafficCom Joint Venture Secures EUR 83 Million Contract for Automated Traffic Enforcement System Support

(IN BRIEF) Kapsch TrafficCom’s joint venture with Indra and Worldline has been awarded an EUR 83 million contract by Spain’s DGT for support and technical assistance in managing an automated traffic violation processing system in León. The contract, which runs … Read the full press release