Monday 20 May 2019

Lanxess Q1 EBITDA up 1.9pc to $308.9m

Specialty chemicals company Lanxess reported that its EBITDA pre-exceptionals rose by 1.9 per cent to €275 million ($308.9 million) in the first quarter of 2019, compared to €270 million ($303.3 million) in the same period in the previous year. The main reasons for this


US court orders Bayer to pay $2bn in damages

Bayer AG, the German chemicals and healthcare company, has been ordered to pay out more than $2 billion to a couple who claimed the company’s glyphosate-based Roundup weed killer caused their cancer. The verdict of a California jury is the largest US jury verdict to date ag


ExxonMobil expands specialty elastomers plant in Wales

ExxonMobil, a leading international oil and gas company, has completed the expansion of its specialty elastomers manufacturing plant in Newport, Wales. The expansion doubles the plant’s manufacturing capacity and increases global manufacturing capacity of Santoprene thermop


Green energy innovations showcased at Saudi Elenex

A range of cutting-edge technologies and innovations in the renewable and non-renewable energy sectors were showcased at the recently concluded 22nd edition of Saudi Elenex, which also saw strong international and local participation. The international trade exhibition for electr


Posta Plus expands operations in US

Posta Plus, a leading provider of domestic and international logistics, courier, and mailing services headquartered in Kuwait, has announced the expansion of its operations in the US. The expansion of Posta Plus’s operations to the state of New Jersey is significant as it s


Peugeot offers new fuel-efficient model in UAE

French carmaker Peugeot is offering motorists in the UAE an efficient solution to the rising cost of motoring with its recently launched 508 fastback. Peugeot 508 is the latest generation of the company’s sport sedan, and is equipped with a 1.6L turbo engine delivering 165


Rever Offshore deploys 4 vessels for key clients

Rever Offshore, a leading subsea services provider to the oil and gas industry, has continued its success in the North Sea, announcing the deployment of all four of the company’s vessels since the start of April. The Rever fleet, which includes the saturation dive support v


Hensoldt showcases new Kalaetron radar warning system

Hensoldt, a leading Germany-based independent sensor house, is showcasing its new radar warning system ‘Kalaetron RWR’ at the Electronic Warfare Europe Conference, being held in Stockholm, Sweden. The conference will conclude on May 15. The new radar wa


Dubai Chamber forms Car Dealers Business Group

Dubai Chamber of Commerce and Industry has announced the formation of the Car Dealers Business Group which aims to unite the voices of member companies, serve common interests and foster public-private sector dialogue on important matters impacting the auto sector in Dubai. The n


Bosch to cut its CO2 output to zero by 2020

The Bosch Group, a German global supplier of technology and services, plans to reduce carbon footprint to zero by 2020, said Dr Volkmar Denner, chairman of Robert Bosch GmbH, at the company’s annual press conference. The company has posted record sales revenue of 78.5 billi

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