Haniel: Continuation of the transformation

Reorganisation of the Supervisory Board and Management Board Haniel is reorganising its Supervisory Board and Management Board for the future. The family-owned conglomerate recently reported on this. According to its own statement, the company consistently continued its transformation last year in a challenging macroeconomic environment. In 2023, Haniel was able to increase its revenue by 5 percent compared to the previous year to [...]

Rheinmetall: New plant in Hungary

Production for civil and military business areas The Düsseldorf-based technology group Rheinmetall is building a new factory in the Hungarian city of Szeged. According to the company, this is a so-called hybrid site. According to the press release, it is intended to be used for both the group's civilian business and its defence technology activities. The site is, according to company information [...]

Kuehne + Nagel changes organisational structure

More customer proximity and increased flexibility planned. Kühne + Nagel is streamlining its organisational structure. At the same time, customer proximity is to be strengthened, as stated in the press release from the internationally operating logistics group. The Board of Directors of Kühne + Nagel International AG has therefore decided on a new direct reporting line for the country organisations. The company expects further efficiency gains from this and [...]

HHLA transports relief supplies to Odessa

Port Bridge Hamburg-Odessa in support of the civilian population Hamburg Port and Logistics AG (HHLA) reports having transported relief goods to a children's hospital in Odessa last month. The goods were collected by the „Port Bridge Hamburg-Odessa“ action alliance. This consists of several Hamburg aid organisations, companies and associations, including HHLA. In Odessa, the humanitarian coordination staff of the [...]

Lapp: First sustainable line

Reduction of the CO2 footprint by 24 percent The Lapp Group, a family-owned company specialising in the manufacture and distribution of electrical engineering solutions, aims to improve the CO2 footprint of its own products and processes. To achieve this, Lapp already presented a prototype of cables with bio-based sheathing in 2023. Due to the high prices of sustainable materials, the company has, according to its own [...]

Tchibo: Price increase for roasted coffee

Coffee roaster adjusts prices. Tchibo reacts to increased costs. Raw coffee has also become more expensive, according to the traditional Hamburg-based company. For this reason, Tchibo is now increasing the prices for its roasted coffee. The coffee provider announced this on Tuesday. According to the press release, prices will be raised by between 50 cents and €1.00 per pound, depending on the variety and country of origin. […]

Siewert & Kau: Efficient and sustainable logistics infrastructure

Expansion of logistics area by 23,000 square metres The German company Siewert & Kau, which is active in the IT distribution sector, has expanded its logistics area in Bergheim by 23,000 square metres to 43,000 square metres, plus a further 2,500 square metres for office space. Construction work began in the summer of 2022 and has now been completed. This expansion is intended to underline the commitment of the [...]

Pipeline for green hydrogen from Rostock to Lubmin

Unlocking regional potential in Mecklenburg-Vorpommern Gascade, a German transmission system operator (TSO) specialising in the transport and storage of natural gas, is planning to complete a new hydrogen pipeline between Rostock and Lubmin by 2028. This will supply surrounding regions with green hydrogen from the HyTechHafen Rostock in the future. For this project, Gascade and rostock EnergyPort [...]

Novo Nordisk acquires German biotech company

Over a billion euros for the takeover of Cardior Novo Nordisk is taking over the Hanover-based biotechnology company Cardior Pharmaceuticals. According to its own statement, Novo Nordisk is strengthening its product pipeline in the field of cardiovascular diseases. As the two companies announced on Monday, an agreement has been reached. Accordingly, the purchase price will be up to 1.025 billion euros. In [...]

Annual Report 2023 of Hapag-Lloyd

EBIT falls to €2.5 billion The Hamburg-based shipping company Hapag-Lloyd has published its annual report for 2023. It records a sharp decline, which, according to the information provided, was expected. EBITDA was €4.5 billion, EBIT was €2.5 billion and the Group result was €3 billion. Rolf Habben Jansen, […]