Largest mobile freezer shelving system in the United Arab Emirates
SSI Schaefer and Noatum Logistics Middle East successfully finalise project One of the world's leading providers of warehouse automation and deep-freeze logistics SSI Schaefer successfully finalises a cooperation with Noatum Logistics Middle East. Noatum is part of the AD Ports Group and manages the group's logistics division. Together they have developed the largest mobile deep-freeze racking system in the United Arab [...]
New large wind turbine in Mainz
Milestone for Gesellschaft für Alternative Ingenieurtechnische Anwendungen The Gesellschaft für Alternative Ingenieurtechnische Anwendungen (GAIA) begins construction of its largest wind turbine south of Mainz in the Hechtsheim district. The company is one of the leaders in the field of renewable energies. The building permit in accordance with the Federal Immission Control Ordinance (BImSchV) was issued by Mainz city council in July last year. In August [...]
Continental Group Results for the Second Half of 2024
Consolidated sales of €10.0 billion According to its own statements, Continental closed the second quarter of 2024 as expected and achieved better results in all divisions than in the previous quarter. The company also recorded an improvement compared to the same quarter of the previous year. Nikolai Setzer, CEO of Continental, explains: „In Automotive, we have improved significantly and are striving to [...]
Zalando invests in AI
Continued collaboration with OpenAI Berlin-based online retailer Zalando recently reported accelerated sales growth and increased profitability in the second quarter of 2024. At the same time, the company announced that it had invested in new AI-supported offerings. These are intended to make the shopping experience more entertaining. Further investment in AI is also planned for the future. In addition, [...]
Continental: Possible corporate split
Examination of a spin-off of the Automotive sector Continental is considering a corporate split. The automotive supplier announced on Monday that, following a strategic analysis, the Executive Board had decided to examine a spin-off of the Automotive sector. It is possible that the traditional Hanover-based group will then be split into two independent companies. According to the press release, the aim of this is to maximise the value and growth potential of the [...]
Galaxus: New German Headquarters
Online retailer relocates to Hamburg Galaxus, a subsidiary of the Swiss Migros Group, is moving its German headquarters to Hamburg. According to its press release, the online retailer needs more space. Central location Until now, Galaxus has had its German headquarters in the Hamburg district of Altona. From September, the online retailer's German office will be located in the more central district of Hoheluft-Ost. The new office is located [...]
Webasto praises its optimisation programme
Automotive supplier with improved business situation in the first half of 2024 Automotive supplier Webasto recently reported an improved business situation in the first half of 2024. According to its press release, the Stockdorf-based company was able to significantly reduce its expenses and substantially increase its earnings. According to Webasto, this was achieved as part of a programme launched at the beginning of the year to [...]
Mahle: Products for climate change in the transport sector
Announcement regarding IAA Transportation in September The automotive supplier Mahle has recently revealed a little about its presentation at the upcoming IAA Transportation. The commercial vehicle trade fair will take place in Hanover from 17 to 22 September 2024. There, according to its press release, Mahle will present its systemic approach for fuel cell trucks. The technology company also promises an evaporative cooling system for further world premieres […]
Lindt & Sprüngli benefits from efficiency and price increases
Price increases offset rising cocoa prices. The chocolate manufacturer Lindt & Sprüngli recently reported robust sales and profit growth in the first half of 2024. Accordingly, the group's sales in the first half of this year rose organically by 7 percent to 2.16 billion Swiss francs. Price increases in the mid-single-digit range, according to the company, were helpful for the sales growth [...]
ZF optimises its structures
Significant cutbacks and job losses ZF Friedrichshafen AG intends to boost its competitiveness. Likewise, the company is trying to take into account the changes in the mobility sector, particularly in electromobility. This is according to a recent press release from ZF. In it, the long-established automotive supplier reports on the realignment of its structures. Location networks One goal mentioned is the […]