Industry

MAN Truck & Bus is participating in the EU research project ECOCHAMPS. The aim of the project is to further develop hybrid technology in various fields of application.

Volvo Cars, the premium car maker, continued on its path towards another record full year in May, reporting double-digit global retail sales growth of 12.2 per cent compared to the same month last year, on the back of solid performance in all its three main sales regions.

Audi has announced the sales start of a new RS5 Coupé in Russia. The sporty Audi RS5 Coupé is offered with a 2.9 TFSI petrol engine of 450 hp in combination with a tiptronic gearbox.

Gazpromneft Bitumen Materials, operator of Gazprom Neft’s bitumens business, has become the first company in Russia to begin commercial production of a protective and remedial covering to preserve the integrity and extend the useful life of road coverings and airfield runways.

 

Henkel has successfully placed a 600 million US dollar bond in the Eurodollar market. The bond has a term of 3 years and matures on June 12, 2020. The bond pays a coupon of 2.0 percent. The settlement is expected to take place on June 12, 2017.

Yingli Green Energy Holding Company Limited today announced that the special committee of its Board of Directors has engaged Ernst & Young as its financial advisor and Simpson Thacher & Bartlett LLP and Commerce & Finance Law Offices as its legal advisors.

The first lot will be 30 thousand tonnes.

The document was signed by Nikolay Shulginov, Chairman of the Management Board – General Director of RusHydro, and Dmitry Konov, Chairman of the Management Board of SIBUR.

Alstom is strengthening its cooperation with technical universities in Poland to prepare the relevant railway skills for the future.