With the successful completion of the sale of the superabsorbents business to the International Chemical Investors Group (ICIG), Evonik has finalized the sale of the Superabsorbents Business Unit. The transaction was closed on August 31, 2024, following approval by the antitrust authorities. Superabsorbents are powdered polymers that are used as highly absorbent materials in diapers and other...
China set the direction for the country's economic policy: According to the Third Plenum, Beijing will adapt to the new round of industrial transformation by using robots as an engine for growth. The success story of China's industrial robots is unique. The country is by far the largest robot market in the world. "China's rapid development in industrial robot automation is extraordinary," says...
Rockwell Automation has appointed Emmanuel Guilhamon as Vice President Sustainability effective July 01, 2024. Guilhamon will report to Becky House, Senior Vice President, Chief People and Legal Officer. He is responsible for developing, leading and implementing Rockwell's global sustainability strategy, which focuses on three key objectives: sustainable customers, sustainable business and...
The Board of Directors of Nestlé has appointed Laurent Freixe, currently Executive Vice President and CEO for the Latin America region, as Chief Executive Officer of Nestlé effective September 01. He will also be proposed for election to the Board of Directors at the 2025 Annual General Meeting. The current CEO Mark Schneider has decided to step down as CEO and member of the Board of Directors. In...
ASICs (Application Specific Integrated Circuit), i.e. integrated circuits developed for specific requirements, are the basis for the success of a radar sensor. The Karlsruhe-based start-up Milli IC specializes in the development of high-frequency ASICs. Vega Grieshaber is now investing in the young company. Together with the two managing directors Esref Turkmen and Alexander Haag as well as KIT...
The European platform for recycled plastics procurement Cirplus has announced its expansion into India as a strategic move to meet the growing demand for recycled plastics in India and the wider Asian markets. With this step, the company aims to focus on increasing the availability and quality of recycled plastics globally and drive the transition from virgin to recycled materials. India has...
The specialty chemicals company Clariant is committed to sustainability. As part of a large-scale green ammonia project in China, a deoxygenation catalyst from the "EnviCat Green" series was selected. The catalyst is used to remove traces of oxygen from the green hydrogen produced in the plant before it is converted into green ammonia. The carbon-free production of ammonia leads to a significant...
The board of the independent non-profit organization Universalautomation.org, or UAO for short, has appointed Raquel Torres from Spain as its new president. The business economist and aeronautical engineer with international management experience succeeds John Conway, who has held the position since 2021. Conway had already announced his retirement in May. Greg Boucaud (Chief Marketing Officer)...
The Bayer Group increased its sales by just under one percent to €11.1 billion in the second quarter, while the underlying operating result before special items (EBITDA) declined by 16.5 percent to €2.1 billion. The operating result (EBIT) improved to €525 million after a minus of €956 million in the previous year. The consolidated result amounted to minus €34 million after minus €1.9 billion in...
Evonik significantly increased its earnings in the second quarter of 2024 despite a persistently difficult economic environment. The final figures confirm the preliminary data announced on July 15: adjusted EBITDA rose by 28 percent to €578 million compared to the previous year. Free cash flow was clearly positive at €217 million, following a cash outflow of €203 million a year earlier. “We are...
