ESIA welcomes EU plan to boost its cleantech economy
On 17 January 2023, President of the European Commission Ursula von der Leyen announced the intention to launch a ‘Green Deal Industrial Plan’ to plan for the future and write the “story of the clean-tech economy” in Europe.
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Europe’s largest deposit of rare earth metals found in Northern Sweden
Swedish mining and mineral group, LKAB, has identified significant deposits of rare earth elements in the Kiruna area, metals which are essential for, among other applications, the manufacture of electric vehicles and wind turbines.
SCHOTT opens first facility in U.S.
SCHOTT has opened a new facility in Phoenix, Arizona, to expand the development and manufacturing of diagnostics and life science consumables.
Leoni brings in new Chief Restructuring Officer
Since the buyer surprisingly refused to close the sale of the Business Group Automotive Cable Solutions (BG AM), Hans-Joachim Ziems joins Leoni as Chief Restructuring Officer, responsible for the necessary adjustment of the refinancing plan and its implementation.
MicroCare opens new warehouse and distribution centre
MicroCare, a manufacturer and distributor of critical cleaning, lubricating and disinfecting products, recently announced the opening of a new warehouse and distribution centre in Leeds, West Yorkshire, England.
Kongsberg Automotive increases sales towards the electric vehicle market
Kongsberg Automotive says that its Powertrain & Chassis business segment has secured a contract worth up to EUR 58.7 million in estimated lifetime revenue, and an average annual revenue of EUR 11.7 to supply an electric vehicle manufacturer with innovative shift-by-wire products.
PKC wants to grow in Lithuania
PKC Group, part of Motherson Group since 2017, plans to expand its operations in Lithuania and therefore will hire 100 more employees.
AQ group continues to expand in Poland
Some three years ago, Swedish AQ Group opened its new Wiring Systems factory in Poland. Now, increased customer demand is pushing the company to expand the site further.
Ericsson divests its customer support business in Russia
Ericsson will sell its local customer support business to former Local operational managers.
Ericsson extends compliance monitorship
Swedish telecommunications company Ericsson has agreed with the U.S. Department of Justice and Securities and Exchange Commission to extend the term of the company’s independent compliance monitor for one year, to June 2024.
Leoni: "STARK Corporation refuses to close the sale"
Leoni says that all the closing conditions for the sale of its Business Group Automotive Cable Solutions (BG AM) has been fulfilled. However, the buyer STARK has – according to Leoni – unexpectedly demanded very significant amendments to the purchase agreement.
Einride secures $500 million in financing
Swedish freight mobility technology company Einride says it has secured USD 500 million in financing, including both a Series C equity raise and a debt facility.
Evertiq Expo Tampere - positive vibes from the Finnish electronics industry
On November 30, 2022 Evertiq made its way from Sweden over to our neighbour across the Baltic sea, this time for our second ever Evertiq Expo in Tampere, Finland.
SEMI applauds progress on EU Chips Act – urges swift start of negotiations
Industry association SEMI applauded the progress on the European Chips Act by the European Council, expressing strong support for the swift start of the negotiations in 2023.
LG Chem to invest $3 billion in US cathode plant
LG Chem has signed a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility in Clarksville with an investment of more than USD 3 billion.
Enel intends to build US solar PV cell & panel plant
Enel North America, through its affiliate 3Sun USA, says that it intends to build an industrial-scale production facility in the US for the manufacturing of photovoltaic (PV) modules.
Edwards expands with manufacturing facility in South Korea
Edwards, which is a part of the Atlas Copco Group, is building a new manufacturing facility for vacuum and abatement systems used in the global manufacture of semiconductors.
Velodyne Lidar signs multi-year deal with GreenValley
Velodyne Lidar has entered into a multi-year agreement to provide its lidar sensors to GreenValley International for handheld, mobile and unmanned aerial vehicle (UAV) 3D mapping solutions, including in GPS-denied environments.
Head or tailwinds for 2023? Hard to choose, says Tim Carroll
Digi-Key's VP of eCommerce, Tim Carroll, elaborated on the changes in operations that were brought forth by the pandemic and the semiconductor shortage.
New copper centre will recycle cables in Finland
A EUR 7 million processing plant targeting the recycling of aluminium and copper materials will be completed next year in Heinola, Finland.
Evertiq Expo Warsaw – a day for the electronics industry
Yesterday it was once again time for Evertiq’s annual Expo at the PGE Narodowy Stadium in the Polish capital of Warsaw.
UL Solutions opens automotive EMC lab in Taiwan
UL Solutions has officially opened its new automotive electromagnetic compatibility (EMC) laboratory in Hsinchu, Taiwan.
South Korean lithium-ion battery company invest in Poland
ANP Enertech, a Korean manufacturer of components for lithium-ion batteries, will invest nearly PLN 148 million (EUR 31 million) to set up shop in Skarbimierz, Poland.
Elix extends agreement to use Neonode in displays for medical supplier
Elix Systems SA has extended its agreement with Neonode and will increase the use of Neonode's Touch Sensor Modules to enable touch interaction on displays in medical ultrasound systems.
Innovega signs smart glasses LoI with global electronics supplier
Innovega, a developer of display eyewear for augmented reality, virtual reality (AR/VR) and Metaverse applications, recently signed a Letter of Intent agreement with an unnamed provider of electronic devices.
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