Stiebel Eltron: Investment in Holzminden
Site expansion for the production of air-to-water heat pump technology Stiebel Eltron plans to expand its Holzminden site for the production of air-to-water heat pump technology. The family-owned company intends to invest up to 72 million euros for this purpose. This investment will be subsidised by a grant of up to 10.8 million euros, Stiebel Eltron announced in its press release. The subsidy comes from [...]
Adidas equips Mercedes Formula 1 team
Multi-year partnership with the Mercedes-AMG PETRONAS F1 Team Sportswear manufacturer Adidas has entered into a new multi-year partnership with the Mercedes-AMG PETRONAS F1 Team. This was announced via a press release published by Mercedes-Benz on its website on January 7, 2025. The partnership is based on a shared commitment to performance and top quality. Collection for team and fans [...]
Merry Christmas and a good start to the new year 2025
Dear readers, the editorial team at Supply Chain News thanks you all for your keen interest, suggestions, and feedback during the past year 2024. The editorial team will be closed for the Christmas break from 20th December 2024. From 6th January 2025, we will be reporting daily on business topics, with a focus on procurement and supply [...]
HUK-Coburg acquires majority stake in Pitstop
Motor insurer buys majority stake in workshop chain The insurance group HUK-Coburg, particularly well known for its car insurance, is taking over the majority stake in the workshop chain Pitstop. To this end, the group subsidiary HUK-Coburg Mobilitätsholding GmbH is increasing its stake in Pitstop.de GmbH, which has existed since 2022, from 25.1 percent to 84.9 percent. According to the HUK-Coburg press release, Bridgestone Europe NV/AS will continue to hold a minority stake […]
S. Oliver with first sustainability report
Overview of the fashion group's sustainability activities The S. Oliver Group published its first sustainability report in the autumn of this year. According to the company's press release, the report relates to the 2023 financial year. It offers a comprehensive overview of the fashion group's sustainability activities. Both significant successes and challenges are to be highlighted. The report also presents […]
Viessmann invests in pre-insulated pipes
Acquisition of Isoplus by Viessmann Generations Group The Viessmann Generations Group (Viessmann for short) is acquiring the Isoplus Group (Isoplus). The family-owned company, founded in 1917, originally known as a heating manufacturer and now broadly diversified, is thus purchasing a provider of pre-insulated pipe systems. According to the Viessmann press release, Isoplus previously belonged to the investment company Egeria. The investment underscores Viessmann's ongoing commitment to the […]
Aurubis invests in Lünen
40 Million Euros for New Air Separation Unit Aurubis is building a new air separation unit (ASU) in Lünen, North Rhine-Westphalia. According to its press release, the metals provider will invest around 40 million Euros at this recycling site. Air separation units are already in operation at other major Aurubis sites, for example in Hamburg. Increasing Production Efficiency According to its own statement, the [...]
Decathlon wants to grow in Germany
Major investments in new openings and modernisations Decathlon has recently announced its growth plans for the German market. The French sports retailer intends to invest up to 100 million euros in Germany by 2027. According to the company's press release, this sum is to be channelled into both new openings and the modernisation of existing locations. The company plans [...]
Siemens Industrial Copilot with extended functions
Thyssenkrupp plans to deploy its AI-driven assistant while Siemens announces new features for its Industrial Copilot. The technology group states that it has improved the engineering and operational processes of its Copilot. Siemens has been offering this assistant, named „Engineering Copilot TIA Essential“, on its marketplace, the Siemens Xcelerator Marketplace, since July of this year. The Siemens Industrial [...]
Fressnapf plans further growth
Strategic Realignment for International Expansion Fressnapf is reorganising for international growth. The pet food provider recently announced the transformation of its German headquarters in Krefeld into an international support centre. With this strategic realignment, the company is positioning itself in the best possible way for further international expansion, according to Fressnapf in its press release. The aim is to […]