Deutz: Cooperation with Tafe

Cooperation agreement with leading agricultural machinery group in India Deutz has agreed a cooperation with the Indian agricultural machinery group Tafe Motors and Tractors. The Cologne-based engine manufacturer announced this recently. Tafe Motors and Tractors belongs to Tafe, which according to Deutz is the third-largest tractor manufacturer in the world. Through the cooperation with Tafe Motors, Deutz is expanding its business activities, according to its press release […]

Nestlé Group invests in the production of speciality foods

Subsidiary Vitaflo: Factory expansion at the Rosbach vor der Höhe site Nestlé subsidiary Vitaflo has begun expanding its factory at the Rosbach vor der Höhe site. According to Nestlé's press release, guests from politics and business were present at the groundbreaking ceremony. They were able to get a first impression of the planned new building. In addition, guests had the opportunity to [...]

Wesel: New cold store strengthens Nordfrost's logistics capacities

Sustainable Logistics at the company's own port terminal Nordfrost, a deep-freeze logistics company, which ranks among Germany's leading providers, has built a new cold storage facility at its own port terminal in Wesel on the Lower Rhine. The opening and commissioning took place as planned on 1 July. The aim is to promote a sustainable supply chain. Currently, 25 employees are employed at the site […]

Fossil relies on interim managers

Interim CFO for Watch Group The Fossil Group has decided to appoint an interim Chief Financial Officer. Andrew Skobe will take up this position with immediate effect, as the accessory company, particularly known for its watches, recently announced. The previous CFO, Sunil Doshi, will leave the company. However, Doshi will remain with Fossil until 19 July. This is intended to […]

Rheinmetall: Major order from automobile manufacturer

Order for electric coolant pumps worth a three-digit million euro amount Rheinmetall has received a major order for electric coolant pumps. According to the press release from the Düsseldorf-based technology group, the order comes from a renowned international car manufacturer. The value amounts to a sum in the low three-digit million euro range. Production, which is expected to run until 2030, has already begun [... ]

BMW reaches milestone in autonomous driving

BMW announces the authorisation to produce a new automated vehicle, which will combine the two BMW systems, Highway Assistant and Personal Pilot. According to the information, BMW is said to be the first car manufacturer worldwide to receive this authorisation, marking a new milestone in automated driving. The […]

Schneider Electric expands European production capacities

Smart Factory for SF6-free Medium and Low Voltage Technology Schneider Electric is building a new factory in Dunavecse, Hungary. The company states that this expansion will increase its production capacities in Europe. In the future, medium and low voltage technology without sulphur hexafluoride (SF6) will be manufactured in Dunavecse. According to a press release from Schneider Electric, the new plant is a [...]

Covestro: New transformation programme

Job security at German sites Covestro's management board and employee representatives have reached an agreement regarding future employment. According to the plastics manufacturer's press release, an action package has been agreed upon. This aims to secure employment at the company's German sites in the long term. As Covestro emphasises, the company is making a clear commitment to Germany as a location. With [...]

VW and Rivian establish joint venture

Cost optimisation in vehicle manufacturing. The Volkswagen Group and Rivian Automotive are forming a joint venture with the intention of jointly developing next-generation electric architecture and software technology. Both companies will receive equal stakes in the joint venture. This collaboration aims to combine the companies' strengths and thereby reduce costs per vehicle. […]

Aurubis: Board Restructuring

Aurubis, the new CEO and also new Chief Operating Officer, has completed its management restructuring announced in January this year. The supplier of copper and other metals reported this recently. According to the report, the company's Supervisory Board, in its meeting on June 20, 2024, appointed Toralf Haag as the new Chief Executive Officer (CEO) and Tim Kurth […]