Salzgitter/St.Thomas, Ontario. Volkswagen Group-owned battery company PowerCo SE steps up its activities in Canada. Ramping up its cell production activities in Europe and North America, the site of its future cell gigafactory in St. Thomas, Ontario, is now prepared for groundbreaking and start of construction in 2024. Sebastian Wolf, Chief Operations Officer of PowerCo SE, said at an event on site: “We are fully on track. Site preparation, the first phase of Gigafactory St. Thomas, has been completed.
Salzgitter/St.Thomas, Ontario. Volkswagen Group-owned battery company PowerCo SE steps up its activities in Canada. Ramping up its cell production activities in Europe and North America, the site of its future cell gigafactory in St. Thomas, Ontario, is now prepared for groundbreaking and start of construction in 2024. Sebastian Wolf, Chief Operations Officer of PowerCo SE, said at an event on site: “We are fully on track. Site preparation, the first phase of Gigafactory St. Thomas, has been completed.
The World Bank has predicted China's economy will have grown 5.2 percent in 2023, with momentum expected to stabilize in the near term, propelled by a gradual recovery of consumer sentiment and policy stimulus.
As global growth is projected to remain tepid at 2.4 percent next year, the world's second-largest economy is expected to expand by 4.5 percent in 2024, according to the latest China Economic Update, released by the World Bank on Thursday.
The Salzgitter Group has now successfully transferred its 23% participating share in Borusan Mannesmann Boru Yatirim Holding A.S., Turkey, to the co-owner Borusan. The buyer Borusan ranks as one of the leading international steel tube manufacturers. The company maintains locations in Turkey, Italy, Romania and the USA.
Volkswagen is proud of the world-class production environment we have created in Chattanooga. Our attractive compensation program—including a recent pay increase of 11%—and our comprehensive benefits and development opportunities reflect our constant commitment to our team members.
We believe in frequent, transparent, and two-way dialogue with our people to help them stay informed and connected and help shape our world-class assembly environment. We also respect the right of our workers to determine who should represent their interests in the workplace.
At its meeting on December 7, 2023, the Supervisory Board of Salzgitter AG extended the contract of CEO Gunnar Groebler until 2029. Gunnar Groebler has been active as a member of the Executive Board of Salzgitter AG since May 2021 and Chairman of the Executive Board since July 2021.
Nestled in Norway's beautiful scenery, the 2022 Ya River Bridge breaks new ground in innovative bridge building. Located alongside Norway's Highway 3 in Tynset, the Ya Bridge has achieved a remarkable feat — it's the world's first automotive bridge built using automated, robotic laser welding technology. With a length of 48 meters, a width of 9.6 meters, and a rising height of 1.6 meters, this bridge is a true marvel of modern bridge building. The Ya Bridge boasts a single long span and is engineered for an impressive 100-year service life.
he third quarter · Revenue was SEK 29,339 (31,516) million · Operating result was SEK 4,371 (6,594) million · Earnings per share were SEK 3.40 (4.93) · Net cash was SEK 16.8 (8.7) billion · Investments in the transformation to fossil-free steel continue
International technology group ANDRITZ has received a follow-up order from Brazilian pulp and paper producer Suzano for a major conversion project at the Limeira pulp mill.
