Latest news with #Borealis
National Post
15 hours ago
- Politics
- National Post
Michael Higgins: Meeting our NATO target wasn't that hard after all
Article content In his speech, Carney enunciated what a decade of Liberal indifference has done to our military — only one of our four submarines is seaworthy and less than half of our maritime fleet and land vehicles are operational. Article content We have allowed our military to deteriorate despite repeatedly being asked to step up and play our part in the NATO alliance. In 2022, then NATO chief Jens Stoltenberg visited Canada in a bid to shame us into increasing defence funding and reminded Trudeau: 'The shortest path to North America for Russian missiles and bombers would be over the North Pole.' Article content 'We have been jolted awake by new threats,' said Carney. The threats are not new, but it is gratifying that the Liberals are now awake to them. Article content The government's new strategy to 'rebuild, reinvest and rearm' Canada's military has four pillars: investing in manpower and equipment; expanding and enhancing military capabilities; strengthening the defence industry; and diversifying defence partnerships. Article content 'We will invest in new submarines, aircraft, ships, armed vehicles and artillery, as well as new radar, drones and sensors to monitor the sea floor and the Arctic,' said Carney. Article content Other welcome initiatives from the prime minister included establishing Borealis, the Bureau of Research, Engineering and Advanced Leadership in Innovation and Science, to 'advance cutting-edge research in artificial intelligence, quantum computing and other frontier technologies essential to safeguarding our sovereignty'; diversifying our military suppliers by looking to Europe; and creating a new defence procurement agency to centralize decision-making. Article content Procurement has long been a thorn in the side of the military. Buying any military equipment can take decades because it often involves multiple departments. And, of course, political parties, depending on how they view military spending, can also add to the delay. Article content In an interview with the National Post last year, retiring Chief of the Defence Staff Wayne Eyre said, 'We are applying peacetime processes and peacetime mentalities to what could be considered a wartime or immediate pre-wartime security environment. Article content Article content 'So, what did we do in 1939? What did we do in 1914? We certainly didn't take 10 or 15 or 20 years to get capabilities in place, because the war would be over by that point. … We have to deliver and we have to deliver fast.' Article content It has taken a decade to get here, but Carney is to be applauded for the urgency with which he is acting; for reinvesting in our men and women in uniform; for rearming our military; and for finally meeting our NATO commitment. Article content But difficult decisions still lie ahead. In London on Monday, NATO Secretary General Mark Rutte said the organization needed a 'quantum leap' in new armaments as he warned Russia could be ready to use force against NATO within five years. Article content
Daily Mirror
7 days ago
- Business
- Daily Mirror
Cruise passengers can get free drink packages on over 40 sailings in 2025
Fred Olsen cruise line has launched a huge summer sale and Brits can currently get free drinks packages on a host of sailings in 2025 including Northern Lights cruises Brits planning cruise holidays this year may want to check out Fred. Olsen's latest summer sale, as the cruise line is currently offering a tempting deal with drinks. Cruises already include plenty such as your food, accommodation and travel, but if you want drinks, these usually come at an extra cost on the majority of cruise lines. A drinks package can be a great way of being able to indulge in a tipple or two without having to worry about the size of your bill at the end of the holiday, but these also come at an extra cost. However, Fred. Olsen is currently offering free drinks packages on over 40 sailings in 2025. That will include a range of house beers, spirits, wines and soft drinks too. Holidaymakers who book by June 25, 2025, will be able to enjoy the free drinks, worth £24.99 per person per night (or if you're booking five-night cruises, worth £35.99 per person, per night). You can already book on the Fred Olsen website, and there's an impressive array of itineraries included whether you're hoping to make the most of the summer sun on a sailing to Spain, or have a bucket-list-worthy winter and go in search of the Northern Lights. There's more good news as the sailings are across all three of its ships - Bolette, Borealis and Balmoral - with a range of UK departure ports including Southampton, Dover, Portsmouth, Liverpool, Newcastle and Rosyth (Edinburgh). Whatever cruise itinerary you're eyeing up, according to one cruise insider there are six items you should always pack before heading to the ship. One top tip? Packing both a backpack for your onshore excursions, but also a smaller evening bag for around the ship so you can carry a few essentials whether heading to dinner, a show or even just enjoying a trip to the bar. A card holder is also another essential item, although if you book a package that includes your drinks, gratuities and service charges, then you may not need to think too much about additional costs throughout the holiday! Meanwhile, sun-seeking Brits may want to keep an eye out for itineraries featuring Cartagena in Spain, after the beautiful city was named the sunniest in Europe. The historic port city, which is a popular stop for cruise ships, boasts a plethora of gorgeous architecture, as well as impressive museums and an eye-catching Roman amphitheatre. Unsurprisingly, it's a firm favourite with history and culture fans as well the foodies who flock to the city to indulge in some of that mouthwatering Spanish food. (Tapas and wine, anyone?). The cruise hotspot is underrated, with most tourists opting for the likes of Alicante or Murcia instead, so one of the benefits of visiting is that it doesn't always have the huge crowds found in other spots in peak months (although on a shore day, you might find it a little busier because of the cruise crowds).
Fibre2Fashion
28-05-2025
- Automotive
- Fibre2Fashion
Borealis expands sustainable foam line in Germany
Borealis continues to invest in growth through sustainable solutions that are transforming the polymer industry. Its facility in Burghausen, Germany, is significantly expanding production capacity for an innovative polymer foam solution called Daploy High Melt Strength polypropylene (HMS PP). This investment—totaling over EUR 100 million—addresses growing global demand for recyclable, high-performance foam solutions. The new line, scheduled to start up in the second half of 2026, will triple Borealis' supply capability for fully recyclable HMS PP. This expansion enables the transition to more circular and recyclable material solutions for customers in the consumer products, automotive, and building and construction industries. Borealis is investing over €100 million (~$113.24 million) to triple production of Daploy HMS PP at its Burghausen site by 2026, addressing rising demand for recyclable, high-performance foam. Used in packaging, automotive, and construction, Daploy offers lightweight strength, reduces emissions, and supports circularity. The expansion underscores Borealis' focus on sustainable innovation. The development of Daploy HMS PP took place at Borealis' Innovation Headquarters in Linz. The new product provides exceptional foamability, lightweight properties, and mechanical strength—characteristics that support material efficiency and help cut both costs and CO2 emissions. It is suitable for use in monomaterial solutions, which are easily recyclable at end of life. By supporting the sustainability principles of Reduce, Reuse, and Recycle, Daploy HMS PP addresses the growing demand for recyclable solutions across multiple industry segments: The properties of Daploy HMS PP make it ideal for a wide range of consumer products applications, such as reusable coffee cups and food packaging. As a lightweight, recyclable material that supports reuse, it helps packaging producers meet the requirements of the EU Packaging and Packaging Waste Regulation (PPWR). In the automotive industry, Daploy is used for ultra-lightweight foamed interior and under-the-hood components. Typically 60-90% lighter than non-foamed alternatives, these components help improve fuel efficiency and reduce carbon emissions. It also enables zero-waste production as all production trim-offs can be easily recycled. In addition, Daploy makes it possible for these parts to be constructed from a single material, facilitating recycling at the end of the vehicle's life. In the building and construction sector, Daploy HMS PP is used to replace heavier materials in insulation and paneling applications. Its durability, strength, and heat resistance ensure excellent performance, while its lightweight properties and recyclability improve the sustainability of these components. The expansion is another example of Borealis' dedication to delivering innovative, high-quality products that advance sustainability, and reinforces its leadership in the PP market. 'In line with our We4Customers strategy, this investment creates value for customers by enabling them to design recyclable, foam-based products for a wide range of high-performance applications,' explains Craig Arnold, Borealis Executive Vice President Polyolefins, Circular Economy Solutions and Base Chemicals. 'By expanding production, we're ensuring a reliable supply of this advanced material to help our customers achieve their sustainability goals and deliver high-performance solutions. Visitors to K 2025 will have the opportunity to explore a range of Daploy HMS PP solutions at the Borealis and Borouge stand Hall 6, Stand A43, and discuss how these grades can help them meet their sustainability and performance goals. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Yahoo
27-05-2025
- Business
- Yahoo
Borealis Foods' CEO Reza Soltanzadeh Issues Letter to Shareholders
Domestic Manufacturing Assets Attracting Significant Interest from Global Food Companies, Distributors and Retailers NEW YORK, May 27, 2025 /PRNewswire/ - Borealis Foods Inc. ("Borealis" or the "Company") (Nasdaq: BRLS), a food-tech innovator, and creator of the popular high-protein Chef Woo ramen, Ramen Express and Woodles brand of noodles, today announced that CEO Reza Soltanzadeh has issued a letter to shareholders discussing the Company's strategic developments and recent financial results. Dear Fellow Shareholders: Looking back over 2024 and the first few months of 2025, we have a number of significant achievements that set the stage for exciting developments to come. Underpinning much of our success is our strategic positioning as a US-based food producer. Our technologically advanced ramen manufacturing facility in Saluda, SC is capable of producing 600 million meals per year. As a management team, our focus is on optimizing that productive capacity to maximize returns for our shareholders. With that in mind we have centered our strategy on partnerships with leading food producers, distributors and retailers. These relationships are a strong testament to our capabilities and ability to provide value while also being relatively insulated from tariffs and other supply chain risks faced by importers and those that manufacture outside the US. Recent highlights include: Continued margin improvement – We reported first quarter 2025 gross margin of 13%, compared with 3% in the year-ago quarter, producing gross profit of approximately $900,000 in the first quarter of 2025 versus approximately $242,000 in the same period last year. Excluding depreciation and amortization primarily related to the Company's manufacturing facilities, gross margin for the first quarter of 2025 would be 19%, as compared to 15% in last year's period. Over the second half of 2024 and continuing in 2025, we have purposely accelerated our longer-term strategy of pivoting to our higher margin products, led by our flagship Chef Woo brand. Coupled with a growing contribution from our institutional sales channel, we are seeing our overall financial performance improve as we continue to work towards bottom-line profitability. Key partners contributing to diversification efforts – An integral part of our strategy is partnering with leading food service and other institutional partners. Most notably during the first quarter, one of the country's largest food service companies became a significant contributor, generating $2 million in its first full quarter as a customer. The majority of our ramen sold to this client is currently destined for K-12 schools in the US, as well as prisons. As a leading national food distributor, this client is an important partner for Borealis to help us access a number of institutional markets. Importantly, these sales do not require the Sales and Marketing investment that our retail products require, resulting in improved profitability and cash flow. Partnership with Multinational Food Company off to a Good Start – In November 2024 we announced our partnership with a major multinational food company. During the first quarter, we began shipping ramen produced for this partnership, representing early traction in premium retail. Products are found on store shelves around the world so their selection of Borealis as manufacturing partner is a tremendous validation of our capabilities, and we look forward to expanding this we have partnered with a fast-growing grocery chain in the US. Under this partnership we are the exclusive manufacturing partner for their branded ramen. They continue to aggressively add new stores throughout the US, and we look forward to sharing in their growth. Successful reduction of SG&A expenses – First quarter SG&A expense declined 37% to $3.8 million. The reduction was driven by lower non-recurring professional services, reduced training expenses and decreased marketing and promotional spending due to our strategic shift favoring institutional channel and retail partner sales rather than direct to consumer strategies. The combination of improving gross margin and reduced operating expenses helped significantly lower our operating loss in the first quarter of 2025 as compared to the prior year quarter. As we continue to ramp sales to our key partners we expect to continue working toward bottom-line profitability. Discussions well underway with various potential financing sources – We are in various stages of discussions with prospective strategic and financial partners, and look forward to reporting on our progress toward strengthening our financial position. We have a lot to look forward to over the rest of 2025 and beyond. With key partners, we have positioned our company for long-term growth. We are also working hard to continue developing new healthy, great-tasting products that will help leverage those relationships. At our core, our vision is to be a leading innovative food tech company that creates a range of products that advance our mission of fighting malnutrition. We expect this combination of our innovative food science, top-notch US-based manufacturing, and leading global partners to be a powerful value creation engine. I look forward to providing further updates on Borealis' continued developments. In Good Health, Reza Reza SoltanzadehCEOBorealis Foods Inc. About Borealis Foods Borealis Foods (NASDAQ: BRLS) is a pioneering, integrated food science and manufacturing company with a mission to disrupt and elevate the ready-to-eat meal and dry soup categories by offering premium and super-premium, nutritious products. Known for popular ramen noodle brands like the high protein Chef Woo, Ramen Express, and Woodles, Borealis Foods brings innovative fusion flavors from diverse culinary traditions, creating delicious and nutritious meal options for consumers. With U.S.-based production facilities, the company's portfolio reflects a commitment to quality, innovation, and sustainability. An essential aspect of Borealis Foods' success is its strategic partnerships with prominent national and international food producers, retailers, and distributors. Serving as an innovation partner to global food leaders, Borealis Foods leverages these collaborations to expand its offerings, enhance technological capabilities, and deliver food products that embody its values of healthy nutrition and innovation. For more information on Borealis Foods, please visit Forward Looking Statements Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by or include words such as "will", "expect", "intends" or other similar words, phrases or expressions. These statements relate to future events or our future financial or operational performance and involve known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. We caution you that these forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. You should not place undue reliance on forward-looking statements. These statements reflect our current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. These risks and uncertainties relate to, among other things, including the future financial condition and performance of Borealis, our operations being dependent on changes in consumer preferences and purchasing habits regarding our products, a global supply chain and effects of supply chain constraints and inflationary pressure on us, our ability to operate at a profit or to maintain our margins, the effect pandemics or other global disruptions on our business, financial condition and results of operations, the sufficiency of our sources of liquidity and capital, our ability to maintain current operation levels and implement our growth strategies, our ability to maintain and gain market acceptance for our products or new products, our ability to respond to competition and changes in the economy including changes regarding inflation and increasing ingredient and packaging costs, the amounts of or changes with respect to certain anticipated raw materials and other costs, changes in the business environment in which we operate including general financial, economic, capital market, regulatory and geopolitical conditions affecting us and the industry in which we operate, our ability to maintain adequate product inventory levels to timely supply customer orders, changes in taxes, tariffs, duties, governmental laws and regulations, competitive product and pricing activity, difficulties of managing growth profitably, the loss of one or more members of our management team, potential for increased costs and harm to our business resulting from unauthorized access of the information technology systems we use in our business and other risks and uncertainties indicated in the Company's Form 10-K, Form 10-Q, and Form 8-K reports (including all amendments to those reports) filed with the U.S. Securities and Exchange Commission from time to time. In addition, forward-looking statements provide the Company's expectations, plans or forecasts of future events and views as of the date of this communication. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date and cautions investors not to place undue reliance on any such forward-looking statements. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this communication. View original content to download multimedia: SOURCE Borealis Foods, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
24-05-2025
- Business
- Economic Times
Passenger rail revival gains steam as Amtrak Borealis and Virginia services break ridership records
Borealis sets Midwest standard for passenger rail Live Events Regional demand fuels interstate cooperation Virginia rail corridor surges toward expansion (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel From the cafe cars serving local specialties to Mississippi River views and seamless city access, passengers across the Midwest and Virginia are increasingly choosing trains over highways and airports. This growing demand is not just about convenience, it is a key signal that regional logistics are shifting in the United brought unprecedented success for Amtrak's Borealis and Virginia services, offering new insights into how modern rail infrastructure can meet public transportation needs while easing freight and road read: USA's iconic Amtrak rail service to be privatized? Elon Musk suggests so, CEO steps down; here's what Donald Trump could do next Launched in May 2024, Amtrak's Borealis train connecting St. Paul, Minnesota, to Chicago has surpassed projections in just 11 months. More than 205,800 passengers boarded the Borealis during that time. When combined with the Empire Builder service on the same corridor, total St. Paul–Chicago ridership reached over 293,000, a staggering 227 per cent jump from the previous daily service, supported by Minnesota, Wisconsin and Illinois, is now considered a case study in successful state-sponsored passenger rail logistics. Amtrak President Roger Harris credited 'strong collaboration with our partners' for exceeding expectations and reaffirmed the company's commitment to providing 'a reliable, efficient and safe way to travel.'Minnesota Transportation Commissioner Nancy Daubenberger emphasized that the results validate the state's investment: 'The ridership numbers clearly demonstrate the need to have safe, reliable transportation options for Minnesotans.'The Borealis route features midday and late-morning departures with popular amenities, including reclining seats, spacious legroom and scenic views. Regular Amtrak discounts further broaden read: Amtrak has the perfect comment on free baggage rules after Southwest Airlines' policy change Logistics leaders across state lines echoed the growing demand for efficient rail service. Illinois DOT Acting Secretary Gia Biagi noted that Borealis' early popularity 'shows that appetite extends beyond our borders and throughout the Midwest.'In Wisconsin, the Borealis marks the first passenger rail expansion in over two decades. Secretary Kristina Boardman highlighted its impact in smaller communities and major urban centers alike: 'The train has since become a resounding success story.'This regional model, driven by public-private cooperation and infrastructure investment has helped reframe rail from a nostalgic concept into a modern logistics Amtrak Virginia posted a record April with 129,670 passengers, the highest for that month since the service began. All four routes saw increases, with Roanoke leading at 11.8 per cent Norfolk route drew the highest traffic with 49,246 passengers. Amtrak Virginia's recent monthly performance, including strong results in March and December, places three of its five best ridership months in the past read: China unveils world's fastest high-speed train prototype, to travel at 450 kmph Virginia Passenger Rail Authority (VPRA) Executive Director DJ Stadtler sees this surge as a clear sign of future demand: 'We see the need and are working to expand service through our Transforming Rail in Virginia initiative as soon as possible.'VPRA's expansion includes the New River Valley Project, reconnecting Christiansburg to passenger rail for the first time since 1979, and the Long Bridge Project, which will double rail capacity between Arlington and Washington, D.C., by state aims to grow daily Amtrak Virginia roundtrips from eight to 13, bolstering logistics across Norfolk, Roanoke, Newport News, Richmond and the Northeast both Borealis and Virginia services gain momentum, they offer a new blueprint for regional passenger rail logistics by blending infrastructure, policy and demand to reshape US transportation's next era.
