Gurit (Zurich, Switzerland) says it has appointed Mitja Schulz as CEO and member of the executive committee. The advanced composite materials producer has been in the process of recruiting the successor to its current CEO, Rudolf Hadorn, since April, it says.
The exact date when Schulz will take up his position at Gurit will be announced at a later stage, the company says.
Schulz was senior vice president and CEO of ZF Wind Power Antwerpen NV, part of ZF Friedrichshafen (Friedrichshafen, Germany) prior to joining Gurit, it says. He had previously held “a number of senior management positions within ZF Friedrichshafen and Porsche where he successfully executed major business transformation and growth programs,” it adds.
By: Sotirios Frantzanas
Source: Chemical Week
Eastman is investing up to US$1 billion in building what it says is the world’s largest molecular plastics recycling facility in France. The new facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tons of hard-to-recycle plastic waste annually – enough plastic waste to fill Stade de France national football stadium 2.5 times.
Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000 won to 300,000 won ($216.19-$252.36) apiece to raise between $9.2 billion and $10.8 billion, the term sheet showed.
The SHYNE (Spanish Hydrogen Network) project is the largest multisectoral consortium in Spain, created to promote the decarbonization of the economy through renewable hydrogen. SHYNE will have a total investment of €3.23 billion euros that will serve to develop more competitive technologies and evolve both the Spanish industry and its infrastructure towards decarbonization, generating more than 13,000 jobs.
