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Top related persons:
Wolfgang Rattay - 2 Bayer - 2 Ludwig Burger - 2 Miranda Murray - 2 Cylib - 1 Lilian Schwich - 1 Gideon Schwich - 1 Paul Sabarny - 1
Top related locs:
Germany Leverkusen Dormagen North Rhine Westphalia Europe Norway Hydrovolt
Top related orgs:
Bayer - 2 Bayer AG - 2 REUTERS - 2 Rights - 2 Thomson - 2 Cylib - 1 EV - 1 Porsche - 1

Search resuls for: "Chempark"


3 mentions found


☆ A Porsche-backed startup is building a massive battery recycling plant to boost Europe's EV industry
  + stars: | 2024-09-09 | by ( Ryan Browne | ) www.nbcnews.com   time to read: +3 min
A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their life. Cylib says its facility will be the largest end-to-end lithium-ion battery recycling facility in Europe. Cylib said the new plant would primarily serve automotive, battery manufacturing and chemicals clients. “Cylib reaching industrial scale production will be a key driver in building a robust European battery infrastructure,” Schwich said in a press statement. “Battery recycling is pioneering the circular economy, proving that economic success is compatible with reduced environmental impact,” she added.
Persons: Cylib, Lilian Schwich, Gideon Schwich, Paul Sabarny, “, ” Schwich Organizations: Cylib, EV, Porsche, Bosch, Hydro, CNBC, European Union, World Fund, Porsche Ventures, Climate Fonds Locations: Germany, Dormagen, North Rhine, Westphalia, Europe, Norway, Hydrovolt, Chempark
☆ Bayer says it is keeping strict line on settling glyphosate litigation
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +1 min
The 120 metres high Bayer Cross, logo of German pharmaceutical and chemical maker Bayer AG, consisting of 1710 LED glass bulbs is seen outside the industrial park "Chempark" of the chemical industry in Leverkusen, Germany, September 23, 2023. "We have no appetite to write humongous checks," said CFO Wolfgang Nickl in a media call after the release of third-quarter results. He added that Bayer has sound legal and scientific arguments to pursue its cases and appeals in court. Last week, a California jury found Bayer liable in a case brought by a man who claimed his cancer was due to exposure to the company's glyphosate-based Roundup, the third consecutive defeat for Bayer. Before that, Bayer had won nine cases in a row.
Persons: Wolfgang Rattay, Wolfgang Nickl, Bayer, Ludwig Burger, Miranda Murray Organizations: Bayer, Bayer AG, REUTERS, Rights, Thomson Locations: Leverkusen, Germany, U.S, California
☆ Bayer examines break-up options and prepares to cut management jobs
  + stars: | 2023-11-08 | by ( Ludwig Burger | ) www.reuters.com   time to read: +3 min
Bayer will remove multiple layers of management and coordination for a "significant reduction" in the workforce, it said. "We are redesigning Bayer to focus only on what’s essential for our mission – and getting rid of everything else," said Anderson. Analysts have said Bayer shares are trading at a massive discount to rivals in agriculture, pharmaceuticals and consumer health activities, partly weighed down by a preference among many financial investors for pure-play companies. Bayer reported third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) and adjusted for one-off effects fell 31% to 1.685 billion euros, hit by lower earnings at its Crop Science division. Bayer added that it expects a "soft growth outlook and continued challenges" to profitability next year.
Persons: Wolfgang Rattay, Bill Anderson, Anderson, Bayer, Werner Baumann, Ludwig Burger, Miranda Murray, David Goodman Organizations: Bayer AG, REUTERS, Rights, Bayer, Consumer, Roche, Science, Thomson Locations: Leverkusen, Germany
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