Food processing and packaging solutions company Tetra Pak appointed Francesco Faella as the new CEO for Southeast Europe. Francesco will replace Maria Krasilowez, who has moved to the new position in the global organisation of Tetra Pak.
With his 20 years of experience in the food products packaging industry, Francesco took over this post bringing with him a wealth of experience in management and operational management. Before taking up a new position in the region of SEE, Francesco held numerous management positions in Tetra Pak, the last of which includes the city manager of the portfolio of clusters for Europe and Central Asia, as well as the manager of the products in the global organisation of the company.
Francesco Faella will have office in Belgrade, and will lead all business markets of fourteen companies in the region of Southeast Europe, of which the largest are Serbia, Greece, Croatia, and Romania.
Source: The Diplomat
Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.
Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.
Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.
