Author: sHq_LoGiNz

Internova Travel Group, Hyatt and EARTHDAY.ORG collaborate to advance sustainability in luxury sector with Global Travel Collection

NEW YORK, April 28, 2025 /PRNewswire/ — Internova Travel Group, Hyatt and EARTHDAY.ORG joined forces last Tuesday, Earth Day, to reaffirm their support for sustainable practices and spotlight the vital role luxury travel advisors play in promoting environmental responsibility.

Hyatt’s Global Hospitality Sales Force hosted sustainability-themed lunches, brunches and dinners for Global Travel Collection’s luxury travel advisors at Internova’s offices in key global markets — London, Los Angeles and New York City. Global Travel Collection is the high-service premium and luxury travel agency of Internova Travel Group, one of the world’s largest travel services companies. A similar event was held for corporate travel managers at the offices of Internova’s ALTOUR corporate division in Mexico City.

The presentations showcased Hyatt’s support of planet-first practices including sustainable food, décor and a message of care at its more than 1,400 hotels and all-inclusive properties in 79 countries.

Representatives from EARTHDAY.ORG, the largest recruiter to the environmental movement, joined Internova’s Earth Day events to amplify the call for environmental action.

“Luxury travel and sustainability are not only compatible, they’re inseparable for today’s conscious traveler,” said Hyatt’s Tristan Dowell, Global VP of Sales for Luxury, Lifestyle & Leisure. “Our ongoing collaboration with Internova enables us to educate luxury travel advisors, who are major influencers in this sector, about our global environmental initiatives. We know that their clients are looking for this information as they make their travel plans.”

Studies have shown that there’s a growing alignment between sustainable travel and luxury experiences. Consumers are attracted to a sense of place and want to connect with the local culture while also traveling in a manner that helps to safeguard the planet.

“Today’s luxury travelers care deeply about the impact their trips have on the environment,” said Angie Licea, President, Global Travel Collection. “With the input of a valued industry leader like Hyatt, our expert travel advisors can help clients plan trips that include incredible experiences and amazing hotels and resorts while also adhering to their principles.”

April also marks Hyatt’s 15th annual Global Month of Service, during which hotels around the world donate time and resources to support local communities and environmental causes. In recognition of its collaboration with Internova’s Global Travel Collection, Hyatt has donated $2,000 to Azul Bio, an organization working to protect and restore coral reefs, vital ecosystems that are under threat from climate change.

“Hyatt plays a key role in our travel programs, and we are proud to host Earth Day activities with them and EARTHDAY.ORG,” said J.D. O’Hara, CEO, Internova Travel Group. “We share the same dedication to supporting sustainability, to mitigating the effects of climate change and to ensuring that travel is as environmentally friendly as possible.”

Internova’s Green Circle program and its Mindful Discovery Partner Series are designed to highlight sustainability leaders in travel. Hyatt is featured in the series this April, showcasing its innovations and values in front of over 100,000 travel advisors represented by Internova worldwide, especially Global Travel Collection’s more than 1,700 luxury advisors.

About Internova Travel Group
Internova Travel Group is one of the largest travel services companies in the world with a collection of leading brands delivering high-touch, personal travel expertise to leisure and corporate clients. Internova manages leisure, business and franchise firms through a portfolio of distinctive divisions. Internova represents more than 100,000 travel advisors in over 6,000 company-owned and affiliated locations predominantly in the United States, Canada and the United Kingdom, with a presence in more than 80 countries.

CONTACT:
Elizabeth Gaerlan
egaerlan@internova.com
1-212-944-1125

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SOURCE Internova Travel Group

LONDON and ATHENS, Greece, April 28, 2025 /PRNewswire/ — METLEN (the “Company” and “METLEN“) (RIC: MYTr.AT) (Bloomberg: MYTIL.GA) (ADR: MYTHY US) hosted its 2025 Capital Markets Day today at the London Stock Exchange, where the Company’s executive leadership presented its roadmap to achieve its target of €2 billion in EBITDA in the mid-term (based on organic growth prospects only, exclusive of any M&A) and unlock new pillars of growth across its integrated platform. The Company also reaffirmed its intention to pursue a primary listing on the London Stock Exchange.

The Capital Markets Day featured a comprehensive update on METLEN’s business activities by sector, including a presentation by Evangelos Mytilineos, CEO of METLEN, on the Company’s transition into a new strategic cycle as it incorporates Critical Metals (Gallium), Circular Metals and Defence into its portfolio alongside Energy, Metals, and Infrastructure & Concessions.

Key updates included:

Strong financial performance has seen the Company’s EBITDA triple since 2020 until today

• METLEN’s strong financial performance is underpinned by significant growth across all its sectors resulting in the Company tripling its EBITDA, more than doubling its revenue, and expanding its geographical footprint since 2020.
• Through its roadmap targeted to double EBITDA in the mid-term, METLEN is driving sustainable growth through a high-quality, integrated business model that is built to lead in the era of energy transition.

Robust liquidity has enabled the Company to fund growth

• METLEN’s disciplined financial approach has enabled it to maintain leverage consistently below 2x, even during significant CAPEX cycles.
• The Company has successfully expanded its access to international funding, now operating with robust liquidity in excess of €3 billion (Dec 2024), providing the flexibility needed to execute its business plan with confidence.
• Alongside this, the Company’s share price has risen over significantly since 2020, reflecting its solid operational performance and growing international visibility.
• The upcoming dual listing on the London and Athens Stock Exchanges, through a share exchange offer, will further align METLEN’s capital market profile with its international business footprint, enhancing shareholder value and access to global investors.

METLEN’s Energy sector continues to be a core engine of scalable growth

• METLEN’s renewables platform has now surpassed 2 GW of mature pipeline projects, supported by over €1.5 billion in EPC backlog, enabling continuous reinvestment through its Asset Rotation Plan.
• Its ambition to capture a 30% retail market share in Greece by 2028, paired with growing operations in grids, data centers, and digital demand management, remains on track and positions METLEN at the forefront of Europe’s energy transition.
• The Company has already established energy trading and supply hubs in Italy and Switzerland, further leveraging Europe’s interconnected energy markets and enhancing its import capabilities in natural gas.

METLEN’s Metals sector remains a European powerhouse in aluminium and strategic materials

• The Company is scaling its efforts in circular metallurgy, using proprietary, pilot-proven technologies to extract critical metals from industrial residues. With recovery rates of up to 99% and applications across multiple feedstock types, this platform is expected to deliver ~290 ktpa in output in the medium term, the majority of which will be high-value strategic materials — reinforcing both profitability and environmental impact.
• The Company’s recent entry into the gallium market — a strategic material for semiconductors and defence — with plans to produce 50 tonnes annually, will not only establish Greece within Europe’s gallium value chain, but also add a high-value lever to METLEN’s diversified portfolio.
• METLEN is reinforcing its strategic footprint by investing in cutting-edge defence solutions. The expansion of its industrial base in Volos, along with new partnerships with top-tier defence companies (Iveco Defence Vehicles (LINK), KNDS France (Link), positions METLEN as a vital player in Europe’s defence landscape.

Infrastructure & Concessions sector is emerging as a third major growth engine for the Company

• METLEN, through METKA ATE and M Concessions, is uniquely positioned to capitalize on Greece’s ~€18 billion annual infrastructure wave. The group’s dual structure — combining engineering execution with long-term concession development — creates a self-sustaining model that links project construction with recurring revenue.
• Flagship projects like the Thessaloniki Flyover, the bioclimatic school units, and the Thessaly irrigation scheme exemplify this integrated approach. METLEN aims to lead in the infrastructure sector by consistently delivering projects safely, on time, and with engineering excellence and cost efficiency.

The Capital Markets Day represented a milestone in METLEN’s long-term growth strategy, underscoring its unwavering commitment to operational excellence, disciplined investment, and top-tier performance — pillars that continue to define its trajectory as a resilient and forward-looking industrial leader.

Notes to editors:

• The detailed presentation given during the Capital Markets Day is found here:  https://www.metlengroup.com/media/bbqif2mf/cmd_presentation.pdf 
• Photo material is available here: https://we.tl/t-bm9l64UkeY
• The video of the entire Capital Markets Day event can be found here: https://youtu.be/vkYBddhYs0w 
• A video with statements from Evangelos Mytilineos is available here: https://youtu.be/6PoOQIs6JwI 
•  Capital Markets Day 2025 – Metlen Εnergy & Metals

METLEN:

METLEN Energy & Metals is a multinational industrial and energy company, a leader in the metallurgy and energy industries, focused on sustainability and circular economy. The Company is listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of €5.68 billion and €1.08 billion, respectively. METLEN is a reference point for competitive green metallurgy at the European and global level, whilst operating the only vertically integrated bauxite, alumina and primary aluminum production unit in the European Union (E.U.) with privately owned port facilities. In the energy sector, METLEN offers comprehensive solutions, covering thermal and renewable energy projects, electricity distribution and trading, alongside investments in grid infrastructure, battery storage, and other green technologies. The Company is active in the markets of all five continents, in 40 countries, adopting a full-scale synergetic model between the Metallurgy and Energy Sectors, while undertaking end-to-end development of major energy infrastructure projects.

www.metlengroup.com | Facebook | Χ | YouTube | LinkedIn | TikTok

Forward Looking Statements:

Certain statements in this announcement are forward-looking. By their nature, forward looking statements involve risks, uncertainties, assumptions and other factors that are outside the control of METLEN and could cause actual results or events to differ materially from those expressed or implied by the forward-looking statement.

If you no longer wish to receive Press Releases and Updates from METLEN, click here.

 

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SOURCE METLEN Energy & Metals

WESTERLY, R.I., April 28, 2025 /PRNewswire/ — The Washington Trust Company will host free Community Shred Days at several branch locations throughout Rhode Island on Saturday, June 7^th and Saturday, June 14^th. All events will take place from 10 a.m. to 12 p.m.

Washington Trust customers and community members are welcome to take part in the events. All paper products that may contain sensitive or personal information will be accepted, as will DVDs, CDs, cassette tapes, and floppy discs that have been removed from their case. Staples, rubber bands, folders and paper clips do NOT need to be removed. There is a two-box maximum per person.

The events are free, but the Bank will be collecting hygiene product donations at all locations, in partnership with Amenity Aid, an organization dedicated to ending hygiene poverty by collecting & distributing personal hygiene items to direct service agencies throughout RI.

The shred days are part of Washington Trust’s broader efforts to help to educate community members about identity protection, data security and environmental sustainability.

The dates and locations for the 2025 Summer Community Shred Days are:

June 7^th, 10 am-noon:

• Washington Trust, 7625 Post Road, North Kingstown, RI
• Washington Trust, 126 Franklin St, Westerly, RI
• Washington Trust, 732 Tiogue Ave, Coventry, RI

June 14^th, 10 am-noon

• Barrington Public Library, 281 County Rd, Barrington, RI
• Smithfield Senior Center, 1 William J Hawkins Jr. Trail, Smithfield, RI

For more information, visit www.washtrust.com/shred.

ABOUT WASHINGTON TRUST^®

Founded in 1800, Washington Trust is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust values its role as a community bank and is committed to helping the people, businesses, and organizations of New England improve their financial lives. The Bank offers a wide range of commercial banking, mortgage banking, personal banking and wealth management services through its offices in Rhode Island, Connecticut and Massachusetts and a full suite of convenient digital tools. Washington Trust is a member of the FDIC and an equal housing lender. Washington Trust is a subsidiary of Washington Trust Bancorp, Inc., a publicly-owned holding company which trades on NASDAQ: WASH. For more information, visit the Bank’s website at www.washtrust.com or the Corporation’s website at ir.washtrust.com.

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SOURCE The Washington Trust Company

BANGALORE, India, April 28, 2025 /PRNewswire/ — Permanent Magnet Synchronous Motor (PMSM) Market is Segmented by Type (Below 5Kw, 5-10Kw, 10-50Kw, Above 50Kw), by Application (Automotive, Elevator, Industry & Automation).

The Global Market for Permanent Magnet Synchronous Motor (PMSM) was valued at USD 15580 Million in the year 2024 and is projected to reach a revised size of USD 26010 Million by 2031, growing at a CAGR of 7.7% during the forecast period.

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Major Factors Driving the Growth of Permanent Magnet Synchronous Motor (PMSM) Market:

The permanent-magnet synchronous motor market is transitioning from fragmented application clusters into an integrated, technology-platform play spanning consumer, industrial, and transportation domains. Compound annual growth remains in double digits, underpinned by energy-efficiency mandates, e-mobility deployment, and rapid cost declines in power electronics. Competitive landscapes feature tiered players: Chinese volume leaders leverage scale in magnet supply; European innovators focus on axial-flux and hair-pin winding breakthroughs; North American incumbents integrate digital twins and predictive service contracts. Strategic mergers centre on securing magnet capacity and inverter IP, while joint ventures with automotive OEMs lock in multi-year offtake agreements. Success increasingly hinges on life-cycle carbon metrics, field-upgradable firmware, and resilient supply chains, positioning agile manufacturers for sustained profitability in the forthcoming electrified decade globally.

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TRENDS INFLUENCING THE GROWTH OF THE PERMANENT MAGNET SYNCHRONOUS (PMSM) MOTOR MARKET:

Below-5 kW permanent-magnet synchronous motors catalyse market growth by addressing the booming demand for high-efficiency, compact drives in small domestic appliances, robotics end-effectors, medical pumps, and two-wheel e-mobility platforms. Start-ups designing smart kitchen devices adopt these fractional-horsepower units to cut energy consumption by double-digit percentages versus brushed DC counterparts, satisfying eco-label thresholds in Europe and Japan. In warehousing, low-voltage collaborative robots integrate sub-5 kW PMSMs to achieve quiet, torque-dense actuation that meets ISO 10218 safety speed limits. Asia’s electric scooter assembly lines standardise interchangeable hub motors rated under 5 kW, enabling swappable-battery business models and government subsidy eligibility. High production volumes of NdFeB magnets in China compress bill-of-materials cost, making these miniature machines pivotal in propelling aggregate PMSM revenue upward.

The 5–10 kW segment accelerates PMSM market expansion by powering residential heat pumps, commercial drones, light electric four-wheelers, and industrial automation modules requiring mid-range torque without the bulk of induction motors. European climate-policy incentives drive installers to specify seven-kilowatt inverter-driven PMSMs in air-source heat pumps, where seasonal coefficient of performance rises markedly due to low rotor losses. Agritech firms employ eight-kilowatt axial-flux designs in autonomous field robots, extending battery runtimes and reducing diesel dependency. Delivery-drone manufacturers adopt nine-kilowatt outrunners that maintain thrust density while withstanding altitude changes. Tier-1 suppliers for neighbourhood EVs leverage modular 48-volt, 10 kW powertrains to meet urban emission-free zones. These applications aggregate demand, solidifying the 5–10 kW category as a critical revenue engine for PMSM producers.

Automotive electrification represents the largest catalyst for permanent-magnet synchronous motor deployment, as OEMs transition from internal-combustion to battery powertrains and auxiliary electrified subsystems. High-performance PMSMs dominate front and rear e-axle assemblies, delivering superior torque density, rapid response, and regenerative braking efficiency compared with induction motors. Mild-hybrid architectures integrate belt-starter-generators based on interior-permanent-magnet topology, shaving CO₂ emissions to comply with stringent CAFÉ and Euro 7 targets. Thermal-management pumps, power-steering actuators, and electric superchargers adopt compact PMSMs, multiplying unit counts per vehicle. Emerging 800-volt platforms in premium EVs amplify demand for high-speed, oil-cooled variants using segmented NdFeB magnets to mitigate eddy losses. As global EV production volumes surge and vertical integration deepens, automotive procurement contracts underpin long-term revenue visibility for PMSM manufacturers.

Escalating global energy-efficiency mandates elevate the appeal of permanent-magnet synchronous motors, whose IE5-class performance surpasses induction alternatives by several percentage points. The International Energy Agency’s roadmap urges adoption of ultra-premium motors across industrial processes, while regions such as North America enforce minimum efficiency regulations under DOE Rulemaking. Manufacturers retrofitting compressors, conveyors, and fan systems achieve rapid payback via reduced kilowatt-hour consumption, particularly as electricity tariffs rise. Lifecycle calculators highlight savings over motor service life, convincing procurement teams to prioritise PMSM upgrades. Certification programmes like CE and UL verify compliance, simplifying tender qualifications. As corporate ESG targets demand quantifiable carbon reductions, high-efficiency PMSMs become indispensable across all major markets.

Rapid deployment of distributed renewable-energy assets, including rooftop solar inverters and small-scale wind turbines, stimulates demand for high-torque, variable-speed generators based on PMSM topology. These systems convert low-speed mechanical input into grid-compliant power with superior efficiency across broader speed ranges than doubly-fed induction machines. Microgrid developers value compact footprints and minimal maintenance, attributes delivered by brushless magnet excitation. Grid codes increasingly require inertial support and fault-ride-through; advanced field-oriented control of PMSMs meets such requirements. Local manufacturing of generator-grade magnets in India, Vietnam, and Brazil lowers logistics costs, making renewable integration attractive. As governments escalate targets toward net-zero, subsidies for community wind and hybrid PV projects accelerate orders, cementing renewable-energy integration as a pillar for the PMSM industry.

Fourth-industrial-revolution investments in smart factories and logistics hubs intensify demand for precise, maintenance-light electric drives, areas where PMSMs excel due to synchronous speed control and high power factor. Automated guided vehicles, delta robots, and high-speed pick-and-place arms deploy compact PMSMs to achieve micron-level positioning with minimal heat. Variable-frequency drives with real-time Ethernet enable predictive maintenance dashboards, reducing downtime costs. As e-commerce orders skyrocket, fulfilment centres integrate thousands of such motors into crossbelt sorters and vertical lifts, multiplying unit shipments. Premium efficiency lowers facility carbon footprints, aligning with disclosure frameworks like CDP. Tax deductions for Industry 4.0 upgrades further sweeten investment cases. Consequently, industrial automation momentum transforms PMSMs from niche servo roles into factory workhorses, amplifying market scale.

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PERMANENT MAGNET SYNCHRONOUS (PMSM) MOTOR MARKET SHARE:

The major players in the global Permanent Magnet Synchronous Motor (PMSM) market include Mitsubishi Electric, HITACHI, ABB, etc. The top 3 players occupy about 20% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 70% of the global market. 10-50Kw is the main type, with a share of about 40%. Industry & Automation is the main application, which holds a share of about 60%.

Key Companies:

• Mitsubishi Electric
• Hitachi
• ABB Ltd
• Siemens AG
• GE
• Bosch
• Meidensha
• JJE
• Continental AG
• Alstom
• Broad Ocean
• Toshiba
• XIZI FORVORDA

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Permanent Magnet Synchronous Motor for Power market was valued at USD 175 Million in 2023 and is anticipated to reach USD 245.2 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.

– Rail Transit Permanent Magnet Synchronous Motor Market was valued at USD 118 Million in the year 2024 and is projected to reach a revised size of USD 143 Million by 2031, growing at a CAGR of 3.2% during the forecast period.

– Low Inertia High Speed Inner Rotor Permanent Magnet Synchronous Motor Market was valued at USD 964 Million in the year 2024 and is projected to reach a revised size of USD 1417 Million by 2031, growing at a CAGR of 5.6% during the forecast period.

– High Power Density Permanent Magnet Synchronous Motor Market

– Low Voltage Permanent Magnet Synchronous Motor Market

– Permanent Magnet Synchronous Motor HVLS Fan Market

– Oil-cooled Permanent Magnet Synchronous Motors Market

– Permanent Magnet Synchronous Traction Machine market is projected to reach USD 2833.7 Million in 2029, increasing from USD 1815 Million in 2022, with the CAGR of 6.5% during the period of 2023 to 2029.

– Permanent Magnet Drive Market

– Three-Phase AC Permanent Magnet Synchronous Motor Market

– Permanent Magnet Brushless Coreless Motor Market was valued at USD 897 Million in the year 2024 and is projected to reach a revised size of USD 1650 Million by 2031, growing at a CAGR of 10.0% during the forecast period.

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SOURCE Valuates Reports

Recognition demonstrates company’s commitment to building sustainable homes through meaningful product innovations.

CHARLOTTE, N.C., April 28, 2025 /PRNewswire/ — The Electrolux 700 Series Front Load Laundry pair – designed for cold water efficiency – was named to Green Builder Media’s 2025 Sustainable Products of the Year.

Green Builder Media’s list showcases top-performing innovations that focus on green building and sustainable living. The organization applauded the Electrolux washer’s innovative and effective stain removal technology and cold-water wash settings that ensure consumers don’t sacrifice cleaning performance for eco-friendliness.

The Electrolux laundry pair is the brand’s newest laundry product offering to help consumers live better, save money and reduce their environmental impact with ease and without sacrifice.

Product features include:

• ENERGY STAR® Most Efficient 2025 Washer: The highest public declaration of appliance energy efficiency available through EPA ENERGY STAR® in the US and Canada certifies both energy and water efficiency.
• Optimized for better performance in cold water: Cold water can deliver the same cleaning results, while saving on energy costs, reducing carbon emissions and helping clothes last longer.
• Smart Boost® technology: Premixes water and detergent for the most effective stain removal, even in cold water.
• Wear it Again^TM cycle: Dryer cycle that refreshes lightly worn or stored clothing in just 15 minutes, allowing consumer to avoid the wash altogether.
• “Leaf” indicator: The Care Meter on the user interface of both washer and dryer shows green leaf levels to help consumers choose settings that save water, energy and are gentler on fabrics.
• Certified zero waste to landfill: Both products are assembled in a certified zero waste to landfill facility.

“We pride ourselves on equipping consumers – and their loved ones – with the resources they need to make sustainable choices in their home,” said Ricardo Cons, president and CEO of Electrolux Group for business area North America. “Our laundry technology allows consumers to achieve comparable cleaning performance at lower temperatures while also significantly reducing energy costs, water consumption and carbon emissions. We appreciate the recognition from Green Builder Media and their shared goal of making sustainable homes accessible to all.”

About Electrolux Group
Electrolux Group is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our group of leading appliance brands, including Electrolux, AEG and Frigidaire, we sell household products in around 120 markets every year. In 2024, Electrolux Group North America had sales of $4.3 billion and employed more than 9,000 people. For more information go to www.electroluxgroup.com.

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SOURCE Electrolux Group