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Linde Signs Long-Term Agreement with BorsodChem, member of Wanhua Chemical Group
. Linde (NYSE: LIN; FWB: LIN) has signed a long-term agreement with BorsodChem Zrt., the Hungarian chemical company and member of the Wanhua Chemical Group, for the supply of nitrogen, oxygen and compressed air to its chemical complex in Kazincbarcika. Linde will construct one of the largest air separation units in Hungary, which is expected to be completed by the end of 2021. In addition to supporting BorsodChem’s expansion, the plant will provide additional nitrogen, oxygen and compressed air to meet the increasing demand for industrial gases in Hungary and surrounding countries. "We are proud of our track record of safely and reliably supplying industrial gases to BorsodChem and are…
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BASF Group releases preliminary figures for fourth quarter of 2020 and full year 2020
Q4 2020: Sales expected to be €15,905 million (Q4 2019: €14,686 million), above the prior-year quarter and above analyst consensus EBIT before special items expected to be €1,113 million (Q4 2019: €842 million), above the prior-year quarter and above analyst consensus EBIT expected to be €932 million (Q4 2019: €579 million), above the prior-year quarter and above analyst consensus Full year 2020: Sales expected to be €59,149 million (2019: €59,316 million), below the prior year, above analyst consensus and above BASF forecast EBIT before special items expected to be €3,560 million (2019: €4,643 million), below the prior year, above analyst consensus and above BASF forecast EBIT expected to be –€191…
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RWE sells small-scale hydropower stations to Austrian energy utility KELAG
. 19 small hydropower stations in France and Portugal to be sold Transaction involves assets with a capacity of about 65 megawatts RWE is to sell its 19 small-scale hydropower station portfolios in France and Portugal as well as its small Portuguese onshore wind stake of 3 megawatts, representing a total capacity of 65 megawatts (pro-rata), to KELAG, an Austrian energy utility based in Carinthia (Kärnten). Under the terms of the deal, 16 employees will also transfer to KELAG. The power plants moved to RWE as part of its transaction with E.ON in 2019. The transaction will become effective as of 1st of January 2021; closing is expected in the course…
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Baby shoes, dummies and hearts – no need for words, these are universal symbols!
The ideal gift if you want to send congratulations on baby’s arrival. Partly chrome-plated and with a twist lock to attach to a keyring. Warning: the cute factor is off the charts! Keyring with 3 charms, dummy, heart and babyshoes, cast metal, Multicoloured Whether mum, dad or children, the family always comes first. The perfect gift when an addition to the family is expected! The family and children are not only with you in your heart, but also on your keys. For young parents, as a present for the future godmother / godfather, the grandparents – always charming and a great surprise! Über die TROIKA GERMANY GmbH Seit 1992 entwickelt…
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CommScope Expands Its Wi-Fi 6 Residential Gateway Portfolio with Introduction of an Integrated GPON Gateway
CommScope, a global leader in infrastructure solutions for communications networks, today announced it is expanding its industry leading Wi-Fi 6 home network gateway portfolio with the release of its NVG578LX 2.5G GPON Wi-Fi 6 residential gateway. The NVG578LX GPON home network gateway provides true gigabit speeds for the delivery of managed voice, video and data services. The improved connectivity of the NVG578LX will deliver lightning fast performance around the home with Wi-Fi 6 and 2.5 Gbps Ethernet WAN/LAN (switchable) support. “With more of us working and learning from home, consumers are demanding faster speeds and improved Wi-Fi performance,” said German Iaryczower, Senior Vice President, Broadband Home Solutions, CommScope. “This high performance Wi-Fi 6 residential gateway…
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Sven Korndörffer appointed as new Head of Communications at Commerzbank
Sven Korndörffer will take up his position as new Head of Group Communications at Commerzbank on 1 April 2021 at the latest. He will succeed Richard Lips who left Commerzbank at the end of last year at his own request. As Divisional Board Member for Group Communications at Commerzbank, Sven Korndörffer will take over responsibility for the Corporate Communications, Public Affairs, Brand Management and Corporate Products and Services divisions, including corporate communications, public affairs with its liaison offices in Brussels and Berlin, brand management, market research and the Commerzbank foundations. He will report to Manfred Knof, who took over as Chairman of the Board of Managing Directors of Commerzbank on…
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The braided perfection: thyssenkrupp carbon wheels meet Ducati Panigale V4
The world’s first braided carbon wheels for single-sided swingarm motorcycles Ducati Panigale V4, V4 S and V4 R are the first models to be equipped Pre-registration starting from December 18th 2020 via the thyssenkrupp carbon website The mission to equip Ducati’s flagship model with braided thyssenkrupp carbon wheels has finally been completed and the world’s first braided single-sided swingarm wheel is now available for pre-registration for the Panigale V4, V4 S and V4 R. The combination of style, sophistication and performance of the prestigious Panigale V4 suits the product characteristics of the thyssenkrupp carbon wheels extraordinarily. The uniquely manufactured carbon wheels have been developed combining in-house engineering ingenuity, top-of-the-art technologies…
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INEOS Styrolution hosts groundbreaking ceremony for its new 600kt ABS plant in Ningbo, China
. – Additional resources for the world’s biggest ABS market – Improved service offering for customers – Investment reflects commitment to the company’s Triple Shift growth strategy INEOS Styrolution, the global leader in styrenics, today announced its groundbreaking ceremony for its new 600kt ABS (acrylonitrile butadiene styrene) plant located in Ningbo, China. The development of the new site is part of INEOS Styrolution’s larger expansion plans into China, following an earlier acquisition of two polystyrene production sites in Ningbo and Foshan. The location of the new site was selected because of its extensive access to feedstock supply options and excellent supply chain connection to customers. The new site is expected to…
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BASF reaches agreement to sell site in Kankakee, Illinois to One Rock Capital Partners
BASF has reached an agreement to sell its manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The businesses have around 160 employees including business management and commercial personnel across the U.S. The transaction is expected to close in the first half of 2021, subject to the approval of the relevant competition authorities. Terms of the transaction were not disclosed. BASF acquired the site and its businesses from Cognis in 2010. It is operated by the Nutrition & Health and the…
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IGO3D is for the second year in a row the FOCUS Growth Champion 2021
In the current Corona crisis, many industries are fighting for their survival. Even if not all companies are affected equally, there is hardly an industry that is not feeling its effects in one way or another. At the same time, the crisis is revealing the strengths of contemporary technologies. For several years now, experts consider 3D printing to be a technological revolution. With additive manufacturing, companies in a wide range of industries can break away from global supply chains and thus not only fundamentally modernize manufacturing processes, but also maintain production in times of crisis. The interest in the technology and in companies that, as pioneers, have the expertise to…