To be well prepared for the impacts of Covid-19 on its businesses, Metso has obtained new funding totaling EUR 290 million.

The Group’s results are in line with expectations, in a first quarter marked by the coronavirus outbreak in Asia and its spread to Europe in March. Stripping out the coronavirus impact, the Group’s performance, in a less favorable economic environment than in 2019, was supported by the resilience of Specialty Materials and, in particular, strong growth of the Adhesive Solutions segment. Moreover, the balance sheet and liquidity levels remain very solid.

Agfa HealthCare’s state-of-the-art Imaging IT software business is not included in the sale and continues to be a key business for the Agfa-Gevaert Group

On May 1, Canon Inc. announced that it has joined the COVID-19 Countermeasure Declaration as a founding member to help bring a rapid end to the spread of the novel coronavirus (COVID-19). Pursuant to this Declaration, Canon has undertaken not to enforce its intellectual property rights against development, manufacturing and other processes if their purpose is to stop the spread of COVID-19.

In March 2020, Neste announced the acquisition of Mahoney Environmental (Mahoney), a leading collector and recycler of used cooking oil in the United States, and related companies. The acquisition was approved by the regulatory authorities and the transaction was closed.

3M announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total consideration, including cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company, Kindeva Drug Delivery, that will operate the business.

The Swiss manufacturer of high-end large format printers, swissQprint, has established a new subsidiary in the UK. swissQprint UK is based in Bracknell, Berkshire and provides sales, servicing and application support.

It was going to be a special evening. The young man had already bought the bottle of champagne, no small investment in his early 20s. On the way to the rendezvous it happens: The bag tears, the bottle smashes and all expectations flow away with the champagne. An accident with far-reaching consequences and a happy end. The tragic event leads to the foundation of Bags by Riedle on May 5, 1995. The adored is still the wife of managing director Volker Riedle.

First-Quarter Highlights:

Sales of $8.1 billion, up 2.7 percent year-on-year
Organic local-currency sales grew 0.3 percent year-on-year
GAAP EPS of $2.22; adjusted EPS of $2.16
Operating cash flow of $1.2 billion, up 16 percent year-on-year; adjusted free cash flow of $0.9 billion, up 40 percent year-on-year
Withdraws full-year 2020 guidance due to COVID-19 impact and end-market uncertainty

Durst was able to resume partial operations at the beginning of April, as the printing systems for the label and packaging industry were classified as systemically important. Now the Italian government has launched phase 2 to resume public life.

Aurora effects cost saving program targeted to deliver over $6m in annualised savings
• Aurora’s goal is to reduce monthly cash burn to $250k compared to recent historical monthly rate of $750k
o this includes Executive and salary cuts; and o up to 65% reduction in staffing numbers
• Cost cutting and restructure measures to address impacts from COVID-19
• Targeting annualised savings of approximately $6 million over previous year
• Tightened controls and measures ensure Aurora efficient use of funds
• Ensure continued development and optimisation of RMP-1 Beta printing technology

“The Innovators – Pitney Bowes at 100” to Air on Connecticut Public Television (CPTV) and Made Available On Demand Globally