Latest news with #BW
Hindustan Times
26-05-2025
- General
- Hindustan Times
India rushes to contain oil spill as vessel sinks off Kerala coast
KOCHI/ BENGALURU -Authorities in the southern Indian state of Kerala were scrambling to contain an oil spill on Monday after a container vessel sank, leaking fuel into the Arabian Sea and releasing 100 cargo containers into the water. The Liberia-flagged MSC ELSA3 ship was travelling from Vizhinjam on India's southern tip to Kochi when it capsized about 38 nautical miles off Kerala on Saturday, officials said, adding that all 24 crew members had been rescued. The entire ship has since been "submerged", the Kerala chief minister's office said in a statement on Sunday without elaborating on the cause of the incident. "The Coast Guard is taking steps to block the oil with two ships. A Dornier aircraft is also being used to spray oil-destroying powder on the oil slick," the statement said. The vessel was carrying 640 containers, including 13 with "hazardous cargo" and 12 with calcium carbide, the Indian coast guard said, without disclosing the contents of the containers that fell into the sea. Cyprus-based MSC Shipmanagement, which owns the vessel, did not immediately respond to a request for comment. The Kerala coast has been put on high alert, with local coastal bodies instructed not to touch or go near the containers - some of which began washing up on beaches on Monday - and fishermen advised not to venture into the sea. Authorities in the state's Kollam region have encouraged people living nearby to move to safer places. Accidental oil spills in the ocean can have far-reaching effects, putting marine ecosystems to the local fishing industry at risk. The collision of a BW LPG vessel and a local ship carrying heavy fuel oil caused a similar oil spill in 2017 near the southern city of Chennai, which harmed aquatic life and affected the livelihood of thousands of fishermen.
Washington Post
12-05-2025
- Business
- Washington Post
Babcock & Wilcox: Q1 Earnings Snapshot
AKRON, Ohio — AKRON, Ohio — Babcock & Wilcox Enterprises Inc. (BW) on Monday reported a loss of $22 million in its first quarter. On a per-share basis, the Akron, Ohio-based company said it had a loss of 26 cents. Losses, adjusted to account for discontinued operations and asset impairment costs, came to 10 cents per share.
Yahoo
07-05-2025
- Business
- Yahoo
WIKA Wins Two Prestigious ESG Awards for Commitment to Sustainability and Social Responsibility
JAKARTA, INDONESIA - May 6, 2025 (NEWMEDIAWIRE) - PT WIJAYA KARYA (Persero) Tbk (IDX: WIKA) continues to demonstrate its commitment to being a national construction company with business performance excellence as well as sustainability and social responsibility performance. In April 2025, WIKA received two prestigious awards: InvestorTrust's "Best Corporate Emission Reduction Transparency Award 2025" and The Iconomics' "7th Indonesia CSR Brand Equity Awards 2025" for the Construction category. The "Best Corporate Emission Reduction Transparency Award 2025" was convened at the Sultan Hotel in Jakarta on Tuesday, 29 April 2025. The award was presented to companies that actively contributed towards national and global decarbonization efforts. WIKA was one of 95 selected awardees for its transparency and commitment to reporting and managing carbon emissions. Of the 370 companies nominated, WIKA was selected for having fulfilled the key criteria, including the timely release of the 2023 Sustainability Report, transparent emission declarations, and compliance with environmental governance principles without any serious legal conflicts. On the same day, WIKA received another award in the "7th Indonesia CSR Brand Equity Awards 2025", which was presented by The Iconomics dan Axia Research held at the Ministry of Transportation building. The event carried the theme "Developing Brand Companies with Government's CSR Goals." It served as a platform to recognize companies that have built strong and effective brand identities through CSR initiatives aligned with national development objectives. WIKA was recognized to have consistently incorporated sustainability values into its business strategy. The Company also demonstrated a strong commitment to implementing social responsibility programs that have a genuine impact on the environment and society. "We believe a company's success is determined not only by its financial performance but also by the good impact that it has on society and the environment. These two awards serve as motivation for everyone at WIKA to continue innovating and making meaningful contributions," said Agung Budi Waskito (BW), President Director of WIKA. As an important partner in national development, WIKA continues its active role in sustainability through various initiatives, from implementing inclusive and targeted CSR programs to energy efficiency and carbon emission management. WIKA remains committed to developing a responsible business that delivers added value to all stakeholders. Contact: Mahendra Vijaya Corporate Secretary Email: mahendra.v@ PT Wijaya Karya (Persero) Tbk. [IDX: WIKA]
Yahoo
07-04-2025
- Business
- Yahoo
BW Flexible Systems opens upgraded manufacturing facility in Italy
BW Flexible Systems, a provider of flexible packaging for food and nonfood products, has unveiled its upgraded manufacturing plant in Mestrino, Italy, after investing $3m in renovations. The facility now boasts a modernised workspace alongside a new research and development (R&D) hub and enhanced production capabilities. This renovation consolidates the operations of BW's previous Vicenza and Mestrino locations into a single, centralised site. The integration also brings together multiple European packaging brands, including Simionato, Sandiacre, Rose Forgrove, and Schib, under the unified Hayssen name. Seven new rooms have been added to the facility, designed to accommodate training sessions, meetings, and guest visits. The overhaul also features upgrades such as a new roof, updated air conditioning, windows, and eco-friendly furniture, aligning with BW's focus on sustainability. These improvements are set to provide a more comfortable working environment and foster better engagement with customers, the company said. Additionally, the site upgrades meet the growing demand for environmentally responsible manufacturing practices, helping the company reduce its carbon footprint. BW Flexible Systems Italy general director Alessandro Stiffan said: 'After three years of unprecedented growth, this facility consolidation and upgrade signals our success, commitment to quality and mission to provide an unparalleled customer experience. 'We are thrilled to better meet the growing needs of our global partners with the refreshed space.' The upgraded facility will allow for continued development in vertical form-fill-seal and flow-wrapping technologies, benefiting BW's customers with quicker turnaround times. BW Flexible Systems is part of BW Packaging, which also includes BW Filling & Closing and BW Integrated System. BW Flexible Systems Italy people leader Riccardo Vestali said: 'The extensive renovation has transformed our facility into a state-of-the-art workspace. 'With updated infrastructure and thoughtfully designed spaces, we are better equipped to support our team's growth and provide a welcoming environment for our visitors.' "BW Flexible Systems opens upgraded manufacturing facility in Italy" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
Babcock & Wilcox: Q4 Earnings Snapshot
AKRON, Ohio (AP) — AKRON, Ohio (AP) — Babcock & Wilcox Enterprises Inc. (BW) on Monday reported a loss of $63.1 million in its fourth quarter. On a per-share basis, the Akron, Ohio-based company said it had a loss of 71 cents. Losses, adjusted to account for discontinued operations and asset impairment costs, were 47 cents per share. The power generation equipment company posted revenue of $200.8 million in the period. For the year, the company reported that its loss narrowed to $59.9 million, or 82 cents per share. Revenue was reported as $717.3 million. In the final minutes of trading on Monday, the company's shares hit 67 cents. A year ago, they were trading at $1.22. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BW at Sign in to access your portfolio
