LONDON, UK: Ferguson plc, a leading distributor of plumbing and heating products, has announced the acquisition of three companies in the U.S. that will strengthen its presence and capabilities in various markets. The three companies are Bruce Supply Corp, a plumbing distributor in the New York City Metro region; The Kennedy Companies, a waterworks distributor…
Konscious Foods raises $26 million to expand plant-based seafood business
A Canadian company that makes plant-based seafood has raised $26 million in a seed funding round led by Protein Industries Canada, Zynik Capital, and Walter Group. Konscious Foods, founded by food industry veteran Yves Potvin, offers a range of plant-based frozen seafood products, such as sushi rolls, onigiri, and poke bowls, that aim to replicate…
Han Moon Hee becomes new head of Korea Railroad Corporation
Korea Railroad Corporation (Korail), the national railway operator of South Korea, has appointed Mr Han Moon Hee as its new president and CEO. He succeeds Mr Hee Seung Na, who was dismissed in March following a fatal accident involving a Korail employee. Han is a veteran of the railway sector, having worked for Korea National…
Avion Express reaches 50-aircraft milestone amid growing ACMI demand
Avion Express, the leading narrow-body ACMI and charter airline, has expanded its fleet to 50 A320 family aircraft, an increase of 212% since 2021. The company attributes this achievement to the rising global demand for ACMI services, which offer benefits such as cost savings and flexibility for airlines. The company’s CEO Darius Kajokas said that…
Royal Mail and Skyports launch mail by drone in UK’s first permanent service
Orkney, an archipelago in Scotland, has become the first location in the UK to have its mail delivered by drone on a permanent basis. The service, launched by Royal Mail and Skyports Drone Services, aims to improve delivery times and safety for the remote island communities. The Orkney I-Port operation uses electric drones to transport…
Aldar Properties names Faisal Falaknaz as its new finance and sustainability chief
ABU DHABI, UAE: Aldar Properties, the leading real estate developer in Abu Dhabi, has announced the appointment of Faisal Falaknaz as its Group Chief Financial and Sustainability Officer (GCFSO), effective from August 2, 2023. Falaknaz will be responsible for leading the group’s finance, treasury, investor relations, strategy, digital services, and sustainability functions. Falaknaz has been…
Kerim Nielsen, Kamux’s Country Director for Sweden, leaves the company
HELSINKI, FINLAND: Kamux Corporation, a leading Nordic retailer of used cars and related services, announced today that Kerim Nielsen, its Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of the company in early 2024. He will continue in his current position at least until…
How to save money and energy with district cooling this summer
Summer is here, and so is the need for cooling. But did you know that you can save money and energy by using district cooling more efficiently? District cooling is a modern, efficient way to air condition a network of buildings in cities or campuses. It uses chilled water from a central plant to cool…
Inin Group acquires Laje AS, boosts its revenue and earnings outlook
OSLO, NORWAY: Inin Group AS, a leading Nordic provider of infrastructure services, announced today that it has signed a share purchase agreement (SPA) to acquire 100 percent of the shares in Laje AS, a large, regional infrastructure construction and service company based in Norway. The acquisition will strengthen Inin Group’s position in the central eastern…
Fitch Ratings lowers U.S. credit rating, citing fiscal woes and governance issues
Fitch Ratings, one of the world’s leading credit rating agencies, announced on Tuesday that it has lowered the U.S. long-term foreign currency issuer default rating from AAA to AA+, the second-highest level, due to concerns about the country’s fiscal outlook and governance standards. The downgrade reflects Fitch’s expectation that the U.S. general government deficit will…
Why Are Timetables So Important For Company Productivity?
In the fast-paced world of business, time is undeniably one of the most valuable resources. From multinational corporations to small startups, every company strives for peak productivity to stay ahead of the competition. And here’s where timetables step in as the unsung heroes of efficiency. Timetables are not mere schedules; they are the blueprint that…
TECO 2030 and a European motor company to collaborate on fuel cell projects
OSLO, NORWAY: TECO 2030, a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry, has announced that it has signed a Memorandum of Understanding (MoU) with an undisclosed renowned European Motor Company. The MoU is signed to formally set out a pathway to collaborate with ongoing and future projects involving…