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GLOBALink | German car parts supplier continues investment in China's Hefei with confidence
"In the next 10 to 20 years, we anticipate a very positive trend in our development in China," said an executive of the China division of German car parts supplier Continental.
April16,2024
GLOBALink | German company Karcher aspires to explore Chinese market via CICPE
At the ongoing fourth China International Consumer Products Expo (CICPE), the two-time participant German cleaning company Karcher voiced great aspiration to explore the Chinese markets via the CICPE platform.
April15,2024
German sportswear giant Adidas posts strong sales growth in China
German sportswear giant Adidas announced on Wednesday that its sales in Greater China went up by 8 percent on a currency-neutral basis in 2023.
March14,2024
Bosch to sell passenger car brake disc production with 900 employees
The German technology group and automotive supplier Bosch is aiming to sell its passenger car brake disc production unit.
July13,2021
Hapag-Lloyd buys container ships amid high demand for sea transport
German shipping company Hapag-Lloyd is to buy six additional container ships to meet the rising demand for sea transport, the Hamburg-based firm announced on Tuesday.
June28,2021
Flixbus raises 650 million euros via loans and investors
German long-distance bus provider Flixbus has raised around 650 million euros in another round of financing. This involved both loans and capital from investors, the company's two founders André Schwämmlein and Jochen Engert said on Wednesday.
June04,2021
Germany's BioNTech posts billion-euro profit in first quarter
German vaccine pioneer BioNTech posted a net profit of 1.13 billion euros (1.37 billion dollars) in the first quarter, as demand for its Covid-19 jab continued to grow worldwide.
May17,2021
Thyssenkrupp Q2 loss narrows, lifting FY outlook
Thyssenkrupp reported Tuesday that its second-quarter net loss, after deducting minority interest, narrowed to 211 million euros (256.7 million dollars) or 0.34 euros per share from 948 million euros or 1.52 euros per share in the previous year.
May17,2021
Schaeffler builds new central laboratory for 80 million euros
Schaeffler, the automotive and industrial supplier based in Franconia, a region in the western German state of Bavaria, is building a new central laboratory at its headquarters in Herzogenaurach at a cost of 80 million euros.
February26,2021
Linde to build production site for green hydrogen in Leuna
The German industrial gases group Linde is building a production plant for so-called green hydrogen in the Leuna chemical park in Saalekreis, a district in the eastern German state of Saxony-Anhalt, with government aid worth millions.
February18,2021
German tech company Bosch suffers sharp downturn in revenue
A slump in automotive production and the broader coronavirus crisis has dealt a combined blow to German technology firm Bosch, which reported a slide in 2020 revenue on Thursday.
February18,2021
Delivery Hero raises 1.2 billion euros with capital increase
German food delivery company Delivery Hero has raised fresh money with a capital increase. The gross proceeds of the cash capital increase without subscription rights for shareholders were around 1.2 billion euros, the DAX-listed company announced in Berlin on Wednesday evening.
January11,2021
Heidelberger Druckmaschinen to strengthen position in China
German company Heidelberger Druckmaschinen AG and its long-standing Chinese sales partner Masterwork are looking to strengthen their position in the Chinese market.
December05,2020
GFT technology group sees profits slump in the first half of the year
The German technology group GFT, which specializes in software for the financial sector, recorded a decline in profits in the first half of the year.
August18,2020
Evotec business hardly affected by coronavirus - More money for research
Despite slight delays in payments from project partners and in the conclusion of contracts, the coronavirus pandemic has had no significant impact on financial and strategic development, the company announced in Hamburg on Wednesday.
August18,2020
Berlin public utilities company builds wind farm
With the construction of a wind farm to the east of Bernau, Berlin's state-owned energy company, Berliner Stadtwerke, intends to significantly increase the capacity of its wind turbines this year.
April24,2020
Rocket Internet expects more insolvencies among its start-ups
The global economic turbulence is also likely to affect the investment network of the Berlin start-up investor Rocket Internet this year. A higher insolvency rate than in previous years is expected, CEO Oliver Samwer told shareholders on Thursday.
April03,2020
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