AGP Executive Report
Last update: 2 hours agoABB Robotics: China has blocked SoftBank’s $5.4 billion purchase of ABB’s robotics business in China, putting the deal at risk; China accounts for about 30% of the unit’s business. Swiss Semiconductors: Kudelski Labs and u-blox are expanding their partnership, adding Kudelski’s security technology to future u-blox chips for industrial automation, transport and infrastructure. Packaging: Amcor launched a lightweight, mono-material flip-top closure designed for recycling and use on sauce, dressing and vinegar bottles. Life Sciences: Lonza agreed to buy five US manufacturing sites from Merck, expanding its contract manufacturing footprint. A new industry index also found Swiss pharma lagging in technology and clinical trials. Insurance: Swiss Re’s nine-month net profit rose 3% to $4.2 billion; the reinsurer is targeting $4.5 billion for the full year. Renewable Energy: Zurich-based Candi Solar secured $50 million to fund about 400 MW of solar and battery projects for businesses in India. Trade: Switzerland and China have signed an upgraded free-trade deal, with tariffs set to fall on more than 99% of imports. Food Supply: Cocoa shortages are pushing the industry to seek new financing to buy beans, affecting supply chains tied to Swiss chocolate makers.
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