28.08.2022, 2390 Zeichen

Andritz: Schuler, member of international technology Group Andritz, has acquired the Italian Sovema Group to become a leading systems supplier of battery cell manufacturing solutions for the automotive industry and other sectors. Together with Sovema, Schuler will develop the capabilities needed to equip gigafactories for the mass production of lithium-ion batteries, whose large-scale availability is essential for the success of eco-friendly e-mobility on the road. Based in Villafranca di Verona, Italy, with further sites in the USA and China, Sovema is one of the leading international suppliers of equipment for the production of top-quality battery cells. The company made a name for itself in the automotive sector as well as other industries by building appropriate machines for pilot and laboratory projects, accounting some of the most prominent battery manufacturers worldwide in its customer portfolio. Furthermore, Sovema is the worldwide-only supplier of automated turnkey plants for the mass production of lead-acid batteries. The Sovema Group employs just over 170 people and most recently reported revenue of around 50 million euros. Further, Andritz announced that it has received an order from Yuen Foong Yu Consumer Products Co., Ltd. (CPG) to supply a PrimeLineCOMPACT M1600 tissue production line to its mill located in Chingshui in Taiwan. The line will produce household paper, such as toilet paper, napkins, handkerchiefs, and facial tissue. Start-up is scheduled for the fourth quarter in 2023.
Andritz: weekly performance: -3.83%

Lenzing: The Lenzing Group, provider of wood-based specialty fibers, is transitioning its production site in Purwakarta to green electricity. The Indonesian subsidiary PT. South Pacific Viscose has been using electricity generated solely from renewable sources since July this year, which will reduce its specific carbon emissions by 75,000 tonnes annually. In 2019, Lenzing became the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050. This carbon reduction target has been recognized by the Science Based Targets Initiative. In Purwakarta, Lenzing is currently investing in the reduction of carbon emissions, as well as air and water emissions.
Lenzing: weekly performance: -6.33%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (23/08/2022)

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