Tag: Increases

WEBWIRE – Monday, March 14, 2022 We are providing critical assistance to our 1,800 employees in Ukraine and their families, including providing housing and financial support. In addition to donating to the Red Cross, we are working in partnership with them, other CPGs and local NGOs to provide food, blankets, medical supplies and 2 million cans of emergency drinking water to Ukraine and surrounding refugee relief areas. We have a joint venture in Ukraine and Russia with Turkish brewer Anadolu Efes. Yet, we do not have a controlling stake at the joint venture and do not ... Read more

Hans Energy Company Limited (“Hans Energy” or the “Company”) and its subsidiaries (the “Group”) (stock code: 554.HK), a leading operator in the energy industry, announced today that the Group will increase its shareholding in Bravo Transport Holdings Limited (“BTHL”), which wholly owns Citybus and NWFB, at a total consideration of HK$350 million. This represents 7% of the entire issued share capital of BTHL. Upon completion of the acquisition, the Group will own approximately 15.56% of equity interest in BTHL. Pursuant to the sale and purchase agreement, Glorify Group Limited (“Glorify”), a wholly-owned subsidiary of the Group, has conditionally agreed to ... Read more

Neste has signed a renewable power purchase agreement with Statkraft, Europe’s largest producer of renewable energy. Statkraft will begin the wind power deliveries to Neste’s Porvoo refinery in Finland in mid-2022. Neste is committed to combat climate change and reduce climate emissions both globally and locally. To support this, the company has two climate commitments. The signed agreement supports Neste’s commitment to reduce the carbon footprint of its production and to reach carbon neutral production by 2035. Neste’s other climate commitment is to reduce customers’ greenhouse gas emissions with its renewable and circular solutions by at least 20 million tons CO2eq ... Read more

The press operations in Sjunnen, Sweden that was idled a few years ago will be reopened. The plant will be fully operational during the fall of 2021 and increases Hydro Extrusions Sweden’s capacity of aluminium profiles made with recycled aluminium by approximately 20%. The decision to reopen comes in response to a substantial increase and market demand for low-carbon aluminium profiles across all industries where Hydro Extrusions operates.  As business is coming back to normal after the pandemic, the demand for high-quality and sustainable aluminium profiles has surged. By adding one more press, Hydro Extrusions Sweden will increase the annual ... Read more

Bank of America today announced that it has increased its $1 billion, four-year commitment to advance racial equality and economic opportunity to $1.25 billion over five years. This effort further accelerates work already underway to address racial equality and opportunity through direct actions, investments and work to catalyze similar efforts across the private sector. To date, the company has made more than $350 million in various investments from its initial $1 billion four-year commitment, announced in June 2020, across its primary focus areas of health, jobs/reskilling, affordable housing and small business. Additional funds announced today will further support investments to ... Read more