Covestro: New transformation program

Job security at German sites At Covestro, the Board of Management and employee representatives have reached an agreement regarding continued employment. According to the plastics manufacturer's press release, an action package has been agreed. This is intended to secure employment at the Group's German sites in the long term. As Covestro emphasizes, the company is making a clear commitment to Germany as a business location. With [...]

VW and Rivian establish joint venture

Cost optimization in vehicle production The Volkswagen Group and Rivian Automotive establish a joint venture with the intention of jointly developing next-generation electrical architecture and software technology. Both companies will receive equal shares in the joint venture. This cooperation is intended to combine the strengths of the companies and thus reduce the costs per vehicle. [...]

Aurubis: Reorganization of the Executive Board

New Chairman of the Executive Board and new Chief Production Officer Aurubis has completed the reorganization of the Executive Board announced in January of this year. This was recently reported by the supplier of copper and other metals. At its meeting on June 20, 2024, the company's Supervisory Board approved the appointment of Toralf Haag as the new Chief Executive Officer (CEO) and Tim Kurth [...]

Mann + Hummel: Transportation division under new management

Automotive expert joins from Roland Berger Hasmeet Kaur will work as President Transportation at Mann + Hummel. The filtration solutions provider has appointed her to this position with effect from August 1. According to Mann + Hummel, its Transportation division offers filtration solutions for both the original equipment and aftermarket. Hasmeet Kaur is, according to [...]

TDK: Future solid-state batteries

New material for solid-state battery with 100 times higher energy density TDK Corporation has developed a new material for future solid-state batteries. The Japanese technology group reported this in a press release last week. According to the press release, the planned next-generation solid-state battery will have an energy density of 1000 watt hours per liter. This is 100 times higher energy density compared to conventional [...]

100 years of rail technology from ZF

Technology transfer, innovation, service One hundred years ago, ZF entered the rail vehicle market. At that time, the technology group presented a drive system for railcars. According to ZF, this was an adaptation of a technology that had primarily been developed for passenger cars. Since then, ZF has continued to develop as a supplier of rail technology. According to the press release, this happened under [...]

Mercedes-Benz: Digital maintenance of Trumpf lasers

Cloud-based monitoring of all Trumpf lasers in the global production network The car manufacturer Mercedes-Benz and the technology company Trumpf are operating a new type of maintenance for Trumpf lasers. As Trumpf reports, the two companies are focusing on predictive, digital maintenance. Trumpf refers to this as the age of the smart factory. In the global production network of Mercedes-Benz, cloud-based monitoring of all [...]

Development of alternative packaging

Cooperation between Bayer and Papacks Bayer intends to develop fiber-based packaging as an alternative to conventional plastic packaging. To this end, the Leverkusen-based pharmaceutical and agrochemical group has started a collaboration with Papacks. The Cologne-based packaging manufacturer recently reported on this in a press release. According to the press release, the fiber-based packaging will be used for some of Bayer's Consumer Health division products in the future. This should [...]

Fischer sells automotive division

Private equity company Mutares takes over Fischer Automotive Systems Fischer sells its automotive division. The private equity company Mutares will take over Fischer Automotive Systems GmbH & Co. KG from Fischerwerke. In its press release, Fischer speaks of a groundbreaking decision for the automotive division. The group of companies known for its dowels further explains that the situation in the automotive industry is particularly [...]

Arcelor-Mittal: Conversion in Bremen and Eisenhüttenstadt

Arcelor-Mittal plans to convert its plants in Bremen and Eisenhüttenstadt as part of a decarbonization project. According to the company's press release, Robert Habeck, Federal Minister for Economic Affairs and Climate Protection, recently handed over the funding decision to the management and workforce in Eisenhüttenstadt. Funding of around 1.3 billion euros According to Arcelor-Mittal, the [...]