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, […]

PALIFINGER opens site in Perth

Australia plays an important role in the future of the marine industry. The international technology and mechanical engineering company PALFINGER is one of the leading producers and suppliers of crane and lifting solutions, which are used in the marine sector, among others. The company is now announcing the opening of its first site in the Australia and New Zealand region. With the new site in Perth, Western Australia [...]

E.ON increases investments for energy transition

Billions in investments for energy networks and energy infrastructure solutions. E.ON recently presented its business figures for the year 2023. According to the press release, the energy group was able to continue its growth trajectory in 2023. E.ON, by its own account, achieved a result for the full year that is significantly higher than the previous year's figure. At the same time, the Essen-based group announced that it would increase its medium-term planned investments by around 30 percent […]

Duisport Group founds Duisport logistics & port services

Consolidation of various logistics services into a single entity The Duisport Group announces the merging of its business divisions Duisport agency, Duisport facility logistics, and Bohnen Logistik into a single unit under the name Duisport logistics & port services. The merger is expected to be completed by the end of August 2024 and will be effective retrospectively from 1 January 2024. According to information from the press release, [...]

Otto Group: Change of management

Michael Otto hands over to Benjamin Otto. The Otto Group announced this week that there will be a generational change at Hamburg's major retail company in 2026. Accordingly, Michael Otto will hand over the leadership of the Otto Group to his son Benjamin Otto in 2026. According to the press release, Benjamin Otto will then become Chairman of the Board of Trustees of the Michael Otto Foundation, at […]