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Business Standard
a day ago
- Business
- Business Standard
DHL Express top-line is growing at 12% CAGR in India: SVP-South Asia
DHL Express India is growing at 11-12 per cent CAGR and has expanded its Bengaluru airport footprint with a Rs 34 crore investment to handle SME shipment volumes Aneeka Chatterjee Bengaluru Listen to This Article Germany-headquartered logistics major DHL Express is growing at a compound annual growth rate (CAGR) of 11–12 per cent in India, R S Subramanian, senior vice-president, South Asia, told Business Standard. The top executive noted that India continues to contribute 10 per cent by value to the overall Asia-Pacific portfolio. 'Growth is our big focus. The express industry grows at 1.5 times the Gross Domestic Product (GDP) and every year we have surpassed the mark. Hence, our CAGR in topline in India is growing nearly about 11-12 per cent,' Subramanian said. Eyeing the continued growth momentum, DHL Express has announced the
Cision Canada
2 days ago
- Business
- Cision Canada
Sustane Technologies Announces Offtake Agreement with Global Leader BASF to Advance Circular Plastics Economy
Canadian-sourced plastics pyrolysis oil to boost BASF's recycled feedstock supply and Ccycled ® portfolio and support the production of high-performance, recycled-content products. HALIFAX, NS, June 26, 2025 /CNW/ - Sustane Technologies and Germany-headquartered BASF have signed a long-term offtake agreement that will see BASF purchase premium plastic feedstock from Sustane's Chester, Nova Scotia facility, including output from both its existing production line and an upcoming facility expansion comprising a new line, tripling capacity. The agreement builds on a collaboration between the two companies that has enabled Sustane to deliver high-quality feedstock from end-of-life plastics to BASF operations in Europe and the United States. Given that Sustane processes the hardest to recycle plastics, this is a major step forward in advancing a true circular economy for plastics. BASF will take-up the pyrolysis oil from Sustane's plant in Chester, Nova Scotia. The pyrolysis oil will be used as recycled feedstock in BASF's production Verbund, supporting the expansion of BASF's portfolio of mass-balanced Ccycled ® products. The Ccycled ® portfolio now comprises several hundred products, which BASF's customers use for a wide range of applications – from food packaging to high-performance plastics for the automotive industry and functional textiles. "This partnership with BASF affirms the value of our Canadian-made innovation on the global stage," said Peter Vinall, CEO of Sustane Technologies. "Sustane's unique product has a greatly reduced carbon intensity compared to fossil feedstocks for plastics and is notable for not requiring additional upgrading." "Together, we're closing the loop on hard-to-recycle plastics and proving that circular solutions can scale and deliver real economic and environmental impact." Sustane has developed a breakthrough process that transforms end-of-life plastics- the kinds that typically end up in landfills or incinerators - into virgin-quality plastic feedstock that can be used in chemical production. Sustane's operations are certified under ISCC+, providing chain-of-custody assurance that the feedstock meets stringent sustainability standards. "At BASF, we are committed to driving circular economy, and partnerships like this are essential to that mission," comments Paul Houston, Manager Business Development Americas, BASF. "Sustane's advanced recycling technology enables us to integrate high-quality, circular feedstock into our value chains and reducing reliance on fossil inputs while supporting our customers' green transformation goals. This agreement represents a powerful example of innovation and collaboration driving real impact." The companies are now exploring opportunities to expand Sustane's capacity both in Canada and internationally, further supporting Canada's emergence as a global leader in clean technology and circular materials innovation. About Sustane Technologies Inc. Sustane Technologies is a Canadian clean technology company, pioneering advanced plastics upcycling and resource recovery from end-of-life streams including municipal solid waste. Using a proprietary process, Sustane transforms unsorted waste, including difficult-to-recycle plastics, into plastics feedstock that can be infinitely circularized. By diverting up to 90% of waste from landfills, Sustane advances a circular economy model that significantly reduces greenhouse gas emissions and plastic pollution. With operations based in Nova Scotia and projects advancing across North America and Europe, Sustane is unlocking new value from waste while supporting industry and governments in meeting their climate and sustainability goals.
Barnama
18-06-2025
- Business
- Barnama
KUKA Robotics Expands Malaysian Footprint With New Penang Office, Strengthening Nation's Automation Hub Status
PENANG, June 18 (Bernama) -- KUKA Robotics Malaysia, a subsidiary of Germany-headquartered KUKA — a global leader in intelligent automation solutions and majority-owned by China's Midea Group – today marked a significant milestone with the official launch of its new Penang branch in Bandar Cassia, Batu Kawan. This strategic move reinforces the company's commitment to advancing industrial automation and robotics innovation in Malaysia and across the Asia-Pacific Economic region. The ceremony was graced by YB Tuan Jagdeep Singh Deo, Deputy Chief Minister II of Penang, alongside senior representatives from the Ministry of Investment, Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), InvestPenang, and key industry leaders.
The Hindu
06-06-2025
- Automotive
- The Hindu
German firm Festo opens manufacturing plant in Hosur, invests ₹500 crore
Germany-headquartered Festo has inaugurated a state-of-the-art manufacturing plant in Hosur, Tamil Nadu, entailing investments to the tune of ₹500 crore. The plant will initially generate more than 1,000 direct and indirect employment opportunities. There are plans to scale operations and workforce in the coming years. The new plant will focus on the production of advanced pneumatic automation components. This particular facility spans over 75 acres of developed industrial land to serve domestic and global markets with high-precision automation solutions. 'We are immensely proud to celebrate 100 years of Festo by reinforcing our commitment to India through this new facility,' said Thomas Böck, chairman of the management board of Festo. 'This plant not only strengthens our local manufacturing capabilities but also reflects our vision of sustainable growth and technological leadership for the next 100 years.' According to a statement, Festo is strongly positioned in all geographic regions to develop innovative solutions for customers fast and flexibly on site. 'To this end, the company is further expanding its global R&D, global production, and logistics locations, as well as its supply chain. In doing so, Festo is focusing on increasing regionalisation, 'local for local' – also to shorten transport routes and value chains, making them more resilient and minimising emissions,' the statement mentioned. During the Global Investors Meet 2024, the first investors meet of the DMK government, Festo India gave a commitment to establish a greenfield manufacturing facility for pneumatic components in Krishnagiri district with a proposed investment of ₹520 crore, creating over 2,000 jobs. With headquarters in Esslingen am Neckar, Germany, Festo supplies pneumatic and electrical automation technology to 300,000 customers of factory and process automation in over 35 industries. During the year 2024, Festo achieved a turnover of around €3.45 billion.
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First Post
05-06-2025
- Automotive
- First Post
Is China trying to choke Indian auto industry?
Even as China has relaxed its export restrictions on rare earths for other countries, Indian automobile industry has flagged to the government that China has continued to block rare earths' supplies to India. read more Even as China has relaxed its restrictions on the export of rare earths for other countries, it appears to be intentionally blocking supplies to Indian companies. Rare earths and magnets of rare earths are critical for the production of both conventional and electric vehicles. China controls around 90 per cent of 17 elements classified as rare earths. Of these, China has halted the free export of seven minerals entirely and has made licences necessary. STORY CONTINUES BELOW THIS AD The Indian automobile industry has flagged it to the government that China is not issuing licences to Indian companies, according to Mint. Sources in the industry told the newspaper that some foreign automobile companies and manufacturers of parts used in automobiles have been granted licences, but applications of their Indian subsidiaries have either been rejected or put on the backburner. Sources said that 30 Indian companies have applied for rare earths' supplies, but no application has yet been approved and two applications have been rejected. Amid the trade war with the United States, China in April completely halted the export of seven rare earths: dysprosium, gadolinium, lutetium, samarium, scandium, terbium, and yttrium. Beside all cars, these minerals are also used to make semiconductors, medical chemicals, robots, and military hardware. China specifically blocks rare earths' supplies to India: Auto industry Senior executives from Indian auto industry and representatives from auto bodies held a meeting with Kamran Rizvi, the Secretary of the Ministry of Heavy Industries, on May 29, according to Mint. They told Rizvi that even as China is approving rare earth magnet exports to other countries, applications from India have remained stuck, three executives aware of the matter told the newspaper. They said in the meeting the production of conventional as well as electric vehicles could fall as soon as this month if supplies from China do not resume. The newspaper has reported that Germany-headquartered Bosch, Continental Automotive, and Mahle Group have received approvals for their foreign units but their applications from Indian subsidiaries are yet to be accepted. STORY CONTINUES BELOW THIS AD One of the executives told the newspaper that there is no due procedure for the grant of licences and the entire process is arbitrary. 'A supplier's German or US counterpart is getting approvals, but the same supplier's Indian unit is not getting it. There are no written guidelines for applying for a licence. So, something or the other can be missed and they (China) can stop the approval for any flimsy reason,' the executive said. To address the issue, a delegation from Indian auto industry is heading to China, but China has neither fixed a meeting nor granted all delegates visas.
