Business Notes
Enterprises
Avio USA starts work on its Virginia manufacturing site
Avio USA starts work on its Virginia manufacturing site
Global
Samsung E&A Wins 4.7 Trillion-Won EPC Contract for SABIC Fertilizer Plant in Saudi Arabia
Samsung E&A signed a 4.7 tln-won ($3.5 bln) EPC contract for the SAN-7 fertilizer plant in Jubail with SABIC Agri-Nutrients, due for completion in 2030.
Enterprises
Samsung Opens Second-Half Entry-Level Hiring Across 19 Affiliates
Samsung's group-wide second-half recruitment opens September 8 across 19 affiliates, with applications via Samsung Careers until September 15, the aptitude test in October and interviews in November.
Enterprises
Hyundai Mobis Opens Its First European EV Powertrain Plant in Novaky, Slovakia
Hyundai Mobis began mass production of power-electric systems at its 250-billion-won Novaky plant, a 280,000-unit-a-year base and its third electrification site in Europe.
Global
Hanwha Aerospace Wins U.S. Army Contract Worth Up to $262.9 Million for K9-Based Artillery Prototypes
Hanwha's U.S. unit will deliver six wheeled K9-based Mobile Tactical Cannon prototypes, with an option for 12 more, worth up to $262.9 million.
Enterprises
Inarctica Grows H1 2026 Revenue by 38% to 13.8 Billion Rubles on Salmon and Trout Sales
Inarctica's H1 2026 revenue rose 38% to 13.8 bln rubles as sales volumes jumped 57% to 13,200 t and biomass in water reached 27,700 t, the company said.
Enterprises
KAMAZ Cancels Its Planned Four-Day Workweek for August–October as Orders Grow
Russia's largest truck maker scrapped the March order that introduced a four-day week from August to October 2026, citing order growth, a larger production plan and market stabilization.
Enterprises
Pertamina to Build 30 MW Waste-to-Energy Plant for Yogyakarta Area Handling Over 1,000 Tonnes of Waste a Day
PT Pertamina is developing a 30 MW waste-to-energy plant for Yogyakarta, Sleman and Bantul, feeding PT PLN's regional grid under a 30-year regulated tariff.
Global
Russian Helicopters to Deliver 21 Mi-171 Helicopters to Iran's Red Crescent Society
The Rostec-owned holding signed documents for 21 Mi-171 helicopters for Iran's national Red Crescent Society, with first deliveries planned for 2027.
Enterprises
Samsung Life Q1 Net Income Jumps 83.1 Percent to 1.24 Trillion Won, Beating Market Estimates
Samsung Life Insurance posted Q1 2026 net income of 1.24 tln won (US$832.1 mln), up 83.1% year on year, with operating profit of 1.35 tln won and revenue up 75%.
Enterprises
SABIC Swings to a Q1 2026 Net Profit of $3.5 Million as Restructuring Bites
SABIC returned to profit in Q1 2026 with SR13.2 mln net earnings versus a SR1.21 bln loss a year earlier, as revenue fell 10.65% and asset sales advanced.
Enterprises
Komatsu Puts Service Closer to the Jobsite: $80 Million Mesa Facility, Edmonton Parts Hub and a Remanufacturing Acquisition
At CONEXPO-CON/AGG 2026 Komatsu detailed its North American build-out: an $80M mining sales and service facility in Mesa, Arizona, a doubled parts hub in Edmonton and the SRC of Lexington reman deal.
Enterprises
Scottish Sea Farms Wins Approval for Fish Holm, Set to Become Scotland's Largest Salmon Farm
Shetland Islands Council approved SSF's 8 mln pound Fish Holm redevelopment in Yell Sound, raising maximum biomass from about 2,000 to about 6,000 tonnes.
Enterprises
Russian Environmental Operator Plans 87 Waste Facilities for 2026 With 8.74 Mln Tonnes of Processing Capacity
PPK REO says 87 waste infrastructure objects with 8.74 mln t/yr processing and 3.66 mln t/yr recycling capacity are to be commissioned in Russia by end-2026.
Enterprises
Versant Media Begins Nasdaq Trading After Comcast Spinoff, Opening at $45.17 and Closing Down 13%
The cable-networks portfolio spun off by Comcast debuted as VSNT on January 5, 2026, closing at $40.57 with a market cap of roughly $6.5 billion.
Global
Celltrion Completes Acquisition of Eli Lilly's New Jersey Biopharmaceutical Plant
Celltrion closed the 460 bn won purchase of Eli Lilly's New Jersey plant and signed a 678.7 bn won CMO deal with Lilly through 2029.
Enterprises
Moskvich Starts Assembly of Two New M-Line Crossovers, the M70 and M90
The Moscow plant began knock-down assembly of the Moskvich M70 and M90 crossovers on December 16, 2025, opening a new M line ahead of sales planned for the end of Q1 2026.
Global
Korea Zinc and Washington to Jointly Invest US$6.8 Billion in a Critical Metals Refinery in Tennessee
Korea Zinc's board approved a JV with the U.S. government to build a $6.8 billion critical metals refinery in Clarksville, Tennessee, operating from 2029.
Enterprises
EU Clears Mars' $36 Billion Kellanova Takeaway: Nine Billion-Dollar Brands Under One Roof
The European Commission cleared Mars' $36bn Kellanova deal on December 8, 2025; closing is set for December 11 with nine $1bn brands combined.
B2C
Fast Retailing Posts Record FY2025 Profit and Forecasts a Fifth Straight Record Year
Uniqlo owner Fast Retailing's operating profit rose about 13% to 564.3 billion yen in FY2025, beating forecasts, with a record 610 billion yen targeted for FY2026.
B2C
Klarna Debuts on Wall Street at a $19 Billion Valuation as the BNPL Giant Raises $1.37 Billion
Klarna's US listing raised $1.37bn at $40 a share; the stock opened at $52 and closed near $46, valuing the BNPL firm at about $17bn on day one.
Enterprises
Anta Sports Posts 14.3% First-Half Revenue Growth to 38.5 Billion Yuan as All Brands Set Records
Anta Sports' H1 2025 revenue rose 14.3% to 38.54 billion yuan and net profit 14.5% to 7.03 billion yuan, with every brand at a half-year record and a 12th straight growth year.
Enterprises
DP World Doubles First-Half Profit to $532 Million as Revenue Climbs 20.4% to $11.2 Billion
DP World's H1 2025 profit attributable to owners doubled to $532 million on revenue up 20.4% to $11.2 billion, with container volumes at 45.4 million TEU and a $2.5 billion capex plan.
Management
Gloria Jeans Founder Vladimir Melnikov Returns as Chief Executive After a Second Leadership Change in a Year
Gloria Jeans founder Vladimir Melnikov (Владимир Мельников) has again become chief executive of the retailer's main entities after Alexander Tarasov's six-month tenure ended in June 2025.
Enterprises
Neis Group to Build an 850-Million-Ruble Machinery Plant in Russia's Rostov Region
Neis Group signed an agreement at Innoprom-2025 to build a machinery plant in the Novocherkassk Industrial Park: filters, lifting, mounted and trailed equipment with 50% localization.
Enterprises
Bunge Completes $34 Billion Mega-Merger With Grain Handler Viterra
Bunge closed its merger with Glencore-backed Viterra on July 2, 2025, creating a crop trading and processing giant to rival ADM and Cargill.
Enterprises
LNG Canada Ships First Export Cargo From Kitimat, Opening Canada's Pacific LNG Route to Asia
Shell-led LNG Canada loaded its first LNG cargo onto the Gaslog Glasgow at Kitimat a week after first production at the ~C$40 bn Pacific terminal.
Enterprises
PhosAgro Boosts Fertilizer Exports 10% in Five Months of 2025, Adding India and Africa
PhosAgro raised Jan-May 2025 exports 10% to 4.3 mln t after covering domestic demand, with almost 1 mln t to India and a third higher African shipments.
Global
Korea Aerospace Industries Signs US$700 Million Contract to Supply 12 FA-50 Light Attack Aircraft to the Philippines
KAI signed a US$700 million contract with the Philippine defense ministry for 12 FA-50 light attack fighters to be delivered by 2030, the second FA-50 round for Manila.
Enterprises
Segezha Lifts Plywood Output 7.5% and Exports 8%, Eyes South Korea With Tanker Plywood
Segezha Group raised 2024 plywood output 7.5% to 271,000 cubic meters and exports 8% to 169,000, and plans 1.5-fold growth of LNG tanker plywood in 2025.
Enterprises
International Paper Closes Its Acquisition of DS Smith, Creating a Transatlantic Packaging Leader
International Paper completed its all-share acquisition of DS Smith, issuing about 179.8 million new shares and dual-listing in New York and London.
Enterprises
MegaFon Shareholders Approve 73.5 Billion Rouble Dividend for Nine Months of 2024
An extraordinary general meeting on November 29, 2024 set the nine-month payout at 118.55 roubles per share, with the register closing on December 9.
Enterprises
Doninturflot Carries 40,000 River Cruise Passengers in 2024 as Berthing Shortage Limits Route Growth
Doninturflot carried 40,000 river cruise tourists in 2024 after refocusing on the domestic market, while berthing shortages, staff gaps and fuel costs curb route growth, RUTI says.
Enterprises
Ozon Lowers Its 2024 GMV Growth Outlook to 60-70% While Keeping the Profitability Target
Ozon cut its 2024 GMV growth forecast to 60-70% year on year from about 70% previously, while retaining its outlook for positive adjusted EBITDA in 2024.
Enterprises
Russia's Ozon Pharmaceuticals Prices Moscow Exchange IPO at 35 Roubles per Share
Ozon Pharmaceuticals priced its MOEX IPO at 35 roubles/share, raising 3.45 bn roubles at a 38.5 bn rouble valuation; trading starts Oct 17 under OZPH.
Enterprises
Transcontainer Expects Russia's Rail Container Market to Pass 10 Million TEU by 2030
Transcontainer forecasts Russia's rail container market above 10 million TEU by 2030, a third above 2024, with exports the fastest-growing segment and containerization still far below developed markets.
Enterprises
Samolet Paid Buyers 7.9 Billion Rubles in Late-Delivery Penalties in H1 2024
Samolet's H1 2024 late-delivery penalties doubled to 7.9 bln rubles — under 5% of revenue but 1.5x net profit; 34% of its commissioned homes were late.
Enterprises
Ingosstrakh Posts 57% Net Profit Growth in H1 2024 as Premiums Reach 103.8 Billion Rubles
Ingosstrakh's H1 2024 net profit rose 57% to 14.329 bln rubles on 12% premium growth to 103.8 bln, with capital up 12% to 130.6 bln, per RSBU interim accounts.
Enterprises
Inter RAO Lifts H1 2024 IFRS Net Profit by 17.3% to 79.5 Billion Roubles
Inter RAO's H1 2024 IFRS net profit rose 17.3% to 79.5 bln roubles on revenue of 728 bln (+10.7%); EBITDA fell 9.8% and capex nearly doubled.
B2C
Ozon Bank Plans Business Lending Beyond Its Marketplace in 2025
Ozon will start lending to businesses outside its marketplace in 2025; Ozon Fintech already lends to platform customers, and experts see a small-business niche.
Enterprises
Paradise City Opens 2024 Paradise Super Week With Room Discounts of Up to 68 Percent
Integrated resort Paradise City runs its annual Paradise Super Week until May 22, 2024, with room discounts up to 68% at its Incheon and Busan hotels plus theme park and spa bundles.
Global
Godrej Properties Posts Best-Ever Year: FY24 Bookings Jump 84% to Rs 22,527 Crore
Godrej Properties' FY24 bookings rose 84% to Rs 22,527 crore and net profit to Rs 725 crore — the highest annual sales by any listed Indian developer to date.
Enterprises
United Grain Company: Intervention Fund, NKHP Modernization and a Bulker Fleet on the 2030 Horizon
OZK CEO Dmitry Sergeev on the fund's 3.6 mln t of grain, 12 bln roubles into NKHP, 11.6 mln t target capacity, exchange trading and ~3 mln t exports.
Management
Knauf Leaves Russia After 30 Years: Building Materials Business Handed to Local Management
Germany's Knauf will transfer its Russian building materials business, valued at about €1 bln, to local management, keeping 4,000+ jobs, TASS reported.
Enterprises
Chernogolovka Closes the Purchase of Kraft Heinz's Baby Food Business in Russia
Chernogolovka's Aqualife Resource JSC closed the Kraft Heinz baby food deal in Russia: two plants, all jobs kept, new own brand this spring.
Enterprises
Polymetal Sells Its Russian Gold Business to Mangazeya in a $3.7 Billion Deal Worth $300 Million in Cash
Polymetal agreed to sell its Russian gold business to Mangazeya in a $3.7 billion deal: $300 million in cash, but $2.2 billion of debt and sanctions risk shed.
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