The European Commission has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of WABCO by ZF. The Commission concluded that the transaction would raise no competition concerns in the European Economic Area. ZF and Wabco are both manufacturers of various commercial vehicle components, in particular for medium and heavy commercial vehicles (“MHCV”). The … More EU Commission approves ZF’s acquisition of Wabco

30 percent increase in production capacity for water-based polyurethane dispersions BASF meets rising demand for polyurethane dispersions BASF announced a single-digit million-euro investment in the capacity expansion of water-based polyurethane dispersions at its Castellbisbal site in Spain. The expansion will allow BASF to increase its production capacity by 30 percent. “We want to continue to … More BASF invests in the expansion of polyurethane dispersion business in Europe

Thanks to numerous new ramp-ups and the favourable portfolio of vehicle models supplied, Autoneum grew organically by 2.5 % in a declining market. Adjusted for currency effects, Group revenue in Swiss francs amounted to CHF 2 297.4 million, 0.7 % higher compared to the previous year. For the second consecutive year, fewer vehicles were manufactured worldwide … More Autoneum’s 2019 financial year: revenue growth in a declining market

As the 2020 Chinese New Year approaches, adidas, the world-renowned creator sports brand, is celebrating CNY with a new collection launch. The CNY collection offers a variety of products across adidas Sport Performance and adidas Originals. adidas Creators Showcasing a New Way of CNY Celebration adidas CNY campaign features an array of creators, from athletes … More adidas Celebrates Chinese New Year with New Collection Launch

Online retail sales performance in 2019 was the worst ever recorded despite an unexpected boost in December. For the full year online retail sales grew just 6.7 %, the lowest growth since records began in April 2000 according to the latest IMRG Capgemini Online Retail Index. This compares to growth of 11.8 % in 2018 … More British Online sales growth in 2019 was the worst ever recorded