OSLO, NORWAY: Elkem ASA has decided to partially curtail its production in Norway by temporarily shutting down two furnaces – one in Thamshavn and one in Rana. The decision will have no impact on customers or employees. “We have decided to utilise a period with somewhat lower sales to bring forward planned maintenance and improvement…
Inchape, with local partner Indomobil, acquires Mercedes-Benz’s Indonesian business
LONDON, UK: Inchcape plc, the leading global automotive distributor, announced an agreement to acquire Mercedes-Benz’s Indonesian business with Inchcape’s local partner, Indomobil. The business has been operated by Mercedes-Benz since 1970, and includes both distribution and assembly operations. The deal will expand Inchcape’s existing distribution footprint in Indonesia, continuing to build on its well-established and…
Origin Enterprises has acquired Neo Environmental Limited
DUBLIN/LONDON: Origin Enterprises plc, the international Agronomy-Services group, announced the acquisition of Neo Environmental Limited (Neo). Neo is a multi-disciplinary consultancy business that provides market-leading planning, environmental and technical advice to a range of clients, primarily in the energy and infrastructure sectors across the UK & Ireland. Origin Enterprises Chief Executive Officer, Sean Coyle, said:…
Virgin Orbit shuts operations, to lay off all workforce
Virgin Orbit is ceasing operations after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting Thursday afternoon. The company will lay off nearly all of its workforce. The company will eliminate all but 100 positions, amounting to about 90% of the workforce, Hart said, noting the layoffs will affect…
Revasum Inc. announced the sale of a second 7AF-HMG grinder to Halo Industries
SAN LUIS OBISPO, CALIFORNIA: Global semiconductor technology and equipment firm, Revasum Inc. (ASX: RVS) announced the sale of a second 7AF-HMG grinder to Halo Industries, a leading silicon carbide substrate manufacturing technology customer in Santa Clara, CA. This latest sale reinforces the 7AF-HMG grinder’s position as the most flexible grinding platform available to support silicon…
Boss Energy appoints uranium executive Wyatt Buck as non-executive Chair
SYDNEY, AUSTRALIA: Boss Energy Limited (ASX: BOE) notified that a highly experienced uranium executive Wyatt Buck has been appointed Non-executive Chair, effective immediately. Wyatt Buck, who has been a Non-executive Director of Boss since October 2020, has extensive experience across the uranium industry, including senior roles with leading uranium projects such as Cameco’s (TSX: CCO)…
nChain to invest $11.1mn in TradeWindow to become exclusive partner for UK & Scandinavia
SYDNEY, AUSTRALIA: nChain, a leader in Web3 and enterprise blockchain technology and the developer of the BSV Protocol, will make a $11.1 million investment into TradeWindow. The $11.1m investment will see nChain provide TradeWindow with: • A cash payment of $2.4 million • Software engineering resources from nChain’s 200-strong global engineering team to the value…
NOVONIX and TAQAT to setup battery material facility in Saudi Arabia
RIYADH/SYDNEY: NOVONIX Limited has agreed to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy storage system batteries in the Middle East and North Africa (MENA) region. The joint venture, which has been in discussion since 2021, is intended to utilize NOVONIX’s leading battery technology and…
Primark increases pay rates for its stores staff across UK
Primark, an Irish multinational fast fashion retailer with stores across Europe and in the United States, will raise the hourly pay rates for all its hourly paid store staff across England, Scotland, and Wales to £11 an hour, while in London, the rate will rise to £11.51. This increase represents a 12% rise compared to…
Britain buses and coaches must show audible and visual displays of their route and direction
LONDON, UK: The Department for Transport (DfT) has introduced new rules across Britain. All local buses or coach service are required to provide audible announcements and visual displays identifying the route and direction, each upcoming stop, and the beginning of any diversions. The Government has provided £4.65 million in funding for the smallest bus and…
Toyota Motor’s global sales rose 10.5 percent to 856,376 units in February 2023
Toyota Motor Corp. reported 1.4 percent higher global output in February 2023. The Japanese automaker produced 896,712 vehicles last month. Global sales, including Daihatsu Motor Co. and Hino Motors Ltd., rose 10.5 percent to 856,376 units, the company said in a statement Thursday. Domestic sales and production rose year-on-year for the second month in a…
Ford raises prices on the popular truck, electric F-150 Lightning
Ford Motor has increased prices of its electric F-150 Lightning pickup. The standard-range Lightning Pro, a lower-cost version of the truck optimized for fleet use, will now start at just under $60,000, not including shipping. That’s roughly 50% higher than the Lightning Pro’s original starting price at launch last spring. Ford noted that the 2023…