Grundfos delivered healthy sales growth in 2023 while reducing its own water and energy footprint as well as supporting customers in lowering their water and energy consumption. Building on the solid performances of recent years, Grundfos realised record sales of EUR 4.6bn. This represents a sales growth of 4.2 percent, in line with strategic ambitions. EBIT before special items also grew to a record EUR 578m against EUR 529m in 2022. The EBIT result equals a 12.5 percent profit … [Read more...] about Grundfos announces strong 2023 results and delivers on sustainability ambitions
Industry
FarmByte and Singapore’s Archisen Establish Joint Venture in Smart Vertical Farming
Joint venture seeks to modernise Johor’s agrofood sector whilst boosting food security Building on the memorandum of understanding (MoU) announced in August 2023, FarmByte, a digital-first agrofood company under the Johor Corporation (JCorp) Group, and Archisen, a leading agritech company from Singapore, have today embarked on a 70:30 joint venture agreement to develop a new smart indoor vertical farm in Johor Bahru. Spanning 52,000 square feet with an estimated total capital requirement … [Read more...] about FarmByte and Singapore’s Archisen Establish Joint Venture in Smart Vertical Farming
GEA at the Anuga FoodTec trade show: Sustainability innovations bolster food industry resilience
The food industry is under pressure to transform, with the major global challenges of food insecurity on the one hand and environmental damage and climate change on the other hand. The energy crisis and evolving consumer interests exacerbate this. An extensive restructuring of our global food systems is essential to resolve these issues. Innovative food technology is the master key. Food industry must be willing to change The agri-food industry has successfully contended with a doubling of … [Read more...] about GEA at the Anuga FoodTec trade show: Sustainability innovations bolster food industry resilience
