Tag: PR Newswire

SINGAPORE, Oct. 21, 2025 /PRNewswire/ — Giti Tire (Giti) announced that it has completed the issuance of Sustainability Notes, totaling S$150 million, that is jointly arranged by DBS Bank Ltd., Deutsche Bank and HSBC.

The five-year Singapore-dollar notes are priced at par with a coupon rate of 5.750%, raising S$150 million, will be used to finance or refinance expenditure directly related to eligible green and social projects described in Giti’s Sustainable Finance Framework. Moody’s has issued a Second Party Opinion (SPO) on the Framework, available at https://www.giti.com/social-responsibilities. 

Giti’s Sustainable Finance Framework is centered around its mission of “Continual Growth in Business, Stewardship and Uplifts.” In its 2024 Sustainability Report, Giti defines REAL profit as profit earned after factoring in sustainability considerations, aiming to achieve net zero at cash neutrality, balancing climate ambitions with sound financial discipline.

“While working towards our goals, considerations are also made regarding the cost of implementation,” explained Dr Pang Chong Hau, Chief Sustainability Officer at Giti. “Through reciprocal agreements and collaborative efforts, we work closely with partners to expand the definition of value—achieving a balance where the benefits and savings generated by sustainable practices offset the cost of their implementation. This ensures that sustainability and profitability move hand in hand.”

Green Innovation in Motion

Giti embarks on various projects throughout the year that are aligned with its sustainability goals. Recently, Giti collaborated a leading electric vehicle manufacturer, to create the GitiSport e.GTR2 Pro tire for the world’s fastest production car, reaching 496.22 km/h. This highlights Giti’s technological prowess in delivering ultra-high-performance tires for zero-emission vehicles.

The electric vehicle currently used for a zero-emission world record attempt, “Most Countries Visited in an Electric Vehicle”, uses GitiSynergy H2 tires. Journeying over 80,000km and 70 countries, it is a live testament for tire longevity and durability—key to reducing waste and enhancing EV efficiency.

At the manufacturing level, Giti’s new Anhui factory advances sustainable production. The facility features advanced automation and 35,000 sqm of rooftop solar panels, projected to reduce 20-30% annually, and includes Giti’s first net-zero tire production line, paving the way toward fully net-zero operations.

Giti’s sustainability leadership has been recognized with the CDP Disclosure badge and EcoVadis Platinum Award. The company has also developed a 93% sustainably-sourced concept tire, made from renewable and recycled materials—further proving its dedication to circular innovation.

“At Giti, sustainability is not a response to regulation—it is a responsibility we embraced long before global frameworks took shape,” said Dr Enki Tan, Executive Chairman of Giti. “These Sustainability Notes represent a statement of intent and accountability, accelerating projects that reduce emissions and support communities where we operate.”

Trusted by Many, Built for Success, Giti continues to inspire investor confidence, drive sustainable transformation, and reinforce its reputation as a trusted global leader in sustainable mobility.

Further Information
Giti Tire Pte. Ltd. • 150 Beach Road, #22-01/08, Singapore 189720
Website: www.giti.com • Email: inquiry-sg@giti.com • Tel: +65 6249 5399

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SOURCE Giti Tire Global Trading Pte Ltd

New report examines the road to retirement for people in the middle class across age ranges

LOS ANGELES, Oct. 21, 2025 /PRNewswire/ — More than six in 10 people in the American middle class cite enjoying life (63%) and being healthy and fit (61%) as top priorities in life, according to Retirement Throughout the Ages: The American Middle Class, a survey-based research report published by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®. Other priorities include focusing on family (42%), planning their financial future (42%), and their career (25%). The report explores how priorities across age ranges influence the retirement outlook of the middle class.

“The middle class embodies the American dream, but their retirement outlook is unclear,” said Catherine Collinson, CEO and president of Transamerica Institute and TCRS. “The middle class is working hard, caring for their families, and saving for the future while navigating an evolving economy, artificial intelligence (AI), the aging population and need for caregivers, and Social Security uncertainties.”

Twenties: Starting Strong but Strained

“Twentysomethings are under pressure. They’re embarking on careers, gaining financial footing, and worrying about technological advancements that may threaten their jobs. At the same time, many are being called upon to serve as caregivers for aging loved ones,” said Collinson.

Among people in the middle class, the survey finds:

• Almost half of twentysomethings cite their career as a top priority in life (47%). Eighty-six percent are employed or self-employed. Among those who are employed, one in three has two or more jobs (33%), and 58% have a side hustle. Fifty-two percent are worried that AI and robotics will make their job skills no longer needed. Fifty-five percent say they are having trouble making ends meet.
• Forty-three percent of twentysomethings are currently serving and/or have previously served as a caregiver for a relative or friend during their working career.
• More than three in four twentysomethings are saving for retirement in a 401(k) or similar plan and/or outside the workplace (77%). They started saving at age 21 (median).
• $300k is the amount (median) that twentysomethings estimate they need to feel financially secure in retirement but, among those providing estimates, 47% guessed the amount. Only 17% say they have “a lot” of working knowledge about personal finance.
• Twentysomethings have saved $43,000 in household retirement accounts (estimated median). Twenty-eight percent have taken an early withdrawal from a 401(k) or similar plan or IRA.

“Twentysomethings may be strained, but most are saving for retirement. They are getting a strong start with decades for their savings to compound and grow. However, they need to learn about personal finance because the better-informed decisions they make early on can have a long-term impact,” said Collinson.

Thirties: Focusing on Their Financial Future

“Thirtysomethings are progressing in their careers, starting families, serving as caregivers, and prioritizing finances. Yet, they can be doing more to strengthen their financial situations,” said Collinson.

Among people in the middle class, the survey finds:

• Half of thirtysomethings cite planning for their financial future as a top priority in life (50%).
• More than eight in 10 thirtysomethings are employed or self-employed (85%). Among those who are employed, 24% have two or more jobs, and 44% have a side hustle. Forty-six percent are worried that AI and robotics will make their job skills no longer needed.
• Four in 10 thirtysomethings are currently serving and/or have previously served as a caregiver for a relative or friend during their working career (41%).
• More than eight in 10 thirtysomethings are saving for retirement in a 401(k) or similar plan and/or outside the workplace (83%). They started saving at age 27 (median).
• $500k is the amount (median) that thirtysomethings estimate they need to feel financially secure in retirement and, among those providing an estimate, 46% guessed the amount. Only 18% say they have “a lot” of working knowledge about personal finance, and 29% have a financial strategy for retirement in the form of a written plan.
• Thirtysomethings have saved $54,000 in household retirement accounts (estimated median). Twenty-three percent have taken an early withdrawal from a 401(k) or similar plan or IRA.

“As thirtysomethings focus on their financial future, one of the most impactful things they can do is to create a financial plan and consult with a professional financial advisor, if needed. The financial plans they create today will serve as a roadmap throughout their working years and into retirement,” said Collinson.

Forties: Juggling Work, Family, and Finances

“Fortysomethings are in their sandwich years of juggling career, family, and finances. Out of necessity, they are making financial trade-offs between immediate needs and long-term goals. Most are saving for retirement, but many are at risk of falling behind,” said Collinson.

Among people in the middle class, the survey finds:

• Half of fortysomethings cite focusing on family as a top priority in life (50%).
• Eight in 10 fortysomethings are employed or self-employed. Among those who are employed (81%), 21% have 2 or more jobs, and 36% have a side hustle. Forty-four percent are worried that AI and robotics will make their job skills no longer needed.
• Almost four in 10 fortysomethings are currently serving and/or have previously served as a caregiver for a relative or friend during their working career (39%).
• Eight in 10 fortysomethings are saving for retirement in a 401(k) or similar plan and/or outside the workplace (80%). They started saving at age 30 (median).
• $500k is the amount (median) that fortysomethings estimate they need to feel financially secure in retirement and, among those providing an estimate, 49% guessed the amount. Only 18% say that they have “a lot” of working knowledge about personal finance, and 24% have a financial strategy for retirement in the form of a written plan.
• Fortysomethings have saved $73,000 in household retirement accounts (estimated median). Twenty-one percent have taken an early withdrawal from a 401(k) or similar plan or IRA.

“Fortysomethings are spread thin and could easily lose track of the time. Retirement is still a couple of decades away, but now is the time for them to formalize goals, create financial plans, make course corrections and seek the services of a professional advisor,” said Collinson.

Fifties: Entering the Retirement Danger Zone

“Fiftysomethings have entered the retirement danger zone. Many are falling short on their savings and their window of time before retirement is closing. The solution is to extend their working years, retire later in life, and save more. However, their ability to achieve success depends on factors that may be out of their control, such as health and access to employment opportunities,” said Collinson.

Among people in the middle class, the survey finds:

• Almost half of fiftysomethings cite planning for their financial future as a top priority in life (49%).
• Three in four fiftysomethings are employed or self-employed (76%), and 7% are now retired.
• Among those who are not yet retired, 32% are currently serving and/or have previously served as a caregiver for a relative or friend during their working career.
• Among those who are not yet retired, more than half expect to retire after the age of 65 or do not plan to retire (52%). However, only 44% are focused on performing well at their current job and 41% are keeping their job skills up to date.
• Almost eight in 10 fiftysomethings who are not yet retired are saving for retirement in a 401(k) or similar plan and/or outside the workplace (79%). They started saving at age 30 (median).
• $600k is the amount (median) that fiftysomethings who are not yet retired estimate they need to save to feel financially secure in retirement and, among those providing an estimate, 55% guessed the amount. Just 21% have a financial strategy for retirement in the form of a written plan. Twenty-nine percent use a professional financial advisor.
• Among those who are not yet retired, fiftysomethings have saved $112,000 in household retirement accounts (estimated median). Six percent have saved $1,000,000 or more and 25% have saved less than $50,000.

“Working longer can help bridge savings gaps but success is not guaranteed. Fiftysomethings must be hypervigilant about safeguarding their health and keeping their job skills up to date. It is also critical that they create a financial strategy for retirement that anticipates potential setbacks,” said Collinson.

Sixties: Retiring Ready or Not

“Sixtysomethings are exiting the workforce and prioritizing enjoyment of life. Some are retiring or are already retired, while others have plans for continued work. The question is whether they were financially ready to retire,” said Collinson.

Among people in the middle class, the survey finds:

• Three in four sixtysomethings cite enjoying life as a top priority (75%), and 89% indicate they are enjoying life.
• More than half of sixtysomethings are retired (52%) and 40% are still working. Among those who are not yet retired, almost half (49%) expect to retire at age 70 or older or do not plan to retire.
• Forty-six percent of sixtysomethings cite Social Security being reduced or ceasing to exist and 43% cite outliving their savings and investments as greatest retirement fears. Four in 10 sixtysomethings (40%) expect Social Security to be their primary source of retirement income.
• Less than three in 10 have a “a lot” of working knowledge about personal finance (29%). Only one in four has a financial strategy for retirement in the form of a written plan (25%). Forty-three percent currently use a professional financial advisor.
• $277,000 is the amount saved by sixtysomethings who are not yet retired in household retirement accounts (estimated median). Sixteen percent have saved $1,000,000 or more and 19% have saved less than $50,000.
• $203,000 is the amount sixtysomething retirees have in total household savings excluding home equity (estimated median). Sixteen percent have $1,000,000 or more and 26% have less than $50,000.

“During their transition from work to retirement, sixtysomethings should engage in retirement planning and work with a professional financial advisor, if needed. By learning expert strategies, they could potentially maximize their income and Social Security benefits, minimize their tax liability, and, ultimately, ensure their savings last their lifetime,” said Collinson.

Age 70 and Older: Enjoying Life and Focusing on Health

“People in their seventies and older are enjoying retired life and focused on maintaining their health. They are faring well financially, but they are unprepared to pay for long-term care if their health deteriorates,” said Collinson.

Among people in the middle class, the survey finds:

• Almost three in four people age 70 and older cite enjoying life and being healthy and fit as top priorities in life (both 74%) – and 89% say they are enjoying life.
• Eighty-six percent of people age 70 and older are retired and 12% are working. Retirees retired at age 65 (median). Among those who are not yet retired, almost four in 10 do not plan to retire (38%).
• Roughly four in 10 people age 70 and older cite declining health that requires long-term care (45%), cognitive decline, dementia, Alzheimer’s Disease (39%), and losing their independence (39%) as greatest retirement fears.
• Only 16% of retirees are “very confident” they will be able to afford long-term care. Almost half (49%) plan to receive such care from family and friends, if care is needed, and 22% do not yet have plans.
• Only one in four people who are age 70 and older has a financial strategy for retirement in the form of a written plan (25%). Forty-seven percent currently use a professional financial advisor.
• $157,000 is the amount saved by people who are age 70 and older who are not yet retired in household retirement accounts (estimated median). Eighteen percent have saved $1,000,000 or more and 27% have saved less than $50,000.
• Retirees who are age 70 and older have $286,000 in total household savings excluding home equity (estimated median). Eighteen percent have $1,000,000 or more and 19% have less than $50,000.

“People in their seventies and older experience declines in health and may eventually need assistance with daily activities. For those who haven’t yet explored available options for long-term care, it is crucial to have family discussions, research care providers, and anticipate the cost of such care. A proactive approach can make transitions easier – versus waiting until a crisis when emotions are running high and options may be limited,” said Collinson.

A Call to Action

“The American middle class is the heartbeat of our nation’s society and economy. They are working hard and saving for the future, but their ability to achieve a financially secure retirement is hanging in the balance,” said Collinson. “People in the middle class need more support from policymakers, the financial services industry, and employers. A collaborative approach to implement solutions can ensure that the middle class has access to workplace retirement benefits, products and services, social safety nets, and the know-how that is required for success.”

Retirement Throughout the Ages: The American Middle Class

 is part of TCRS’ 25^th Annual Retirement Survey, one of the largest and longest-running surveys of its kind. The report examines the employment, personal finances, and retirement expectations and preparations of U.S. residents who are in the middle class, and it offers detailed comparisons by age range. Transamerica Institute and TCRS broadly define “middle class” as those with an annual household income between $50,000 and $199,999. The report is a follow up to The Retirement Outlook of the American Middle Class published in 2024. To download these reports and other research, visit www.transamericainstitute.org. Follow on LinkedIn, Facebook, and X @TI_insights and @TCRStudies.

###

About Transamerica Center for Retirement Studies

Transamerica Center for Retirement Studies® (TCRS) is a division of Transamerica Institute®, a nonprofit, private operating foundation. TCRS conducts one of the largest and longest-running annual retirement surveys of its kind. The information provided here is for educational purposes only and should not be construed as insurance, securities, ERISA, tax, investment, legal, medical, or financial advice or guidance. Please consult independent professionals for answers to your specific questions. www.transamericainstitute.org 

About the 25th Annual Transamerica Retirement Survey
The analysis contained in Retirement Throughout the Ages: The American Middle Class was prepared internally by the research team at Transamerica Institute and TCRS. It is based on an online survey conducted within the U.S. by The Harris Poll on behalf of Transamerica Institute and TCRS between September 11 and October 17, 2024, among a nationally representative sample of 10,009 adults including 5,369 adults with a household income of $50,000 to $199,999. Data was weighted where necessary for age by gender, race/ethnicity, region, education, marital status, household size, household income, and smoking status. Respondents were selected from among those who have agreed to participate in our surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval and the worker sample data is accurate to within ±1.2 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest. Percentages are rounded to the nearest whole percent. Note: Some questions have reduced bases, see full report for details.

Transamerica Center for Retirement Studies
Media Contact: Kyle Moschen
kmoschen@webershandwick.com

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SOURCE Transamerica Institute

WUHU, China, Oct. 21, 2025 /PRNewswire/ — On October 21, 2025, the 2025 Chery International User summit — a global gathering transcending geography and culture — was grandly held in Wuhu, China.
With the theme “Co-Create, Co-Define,” the event brought together more than 3,000 participants from nearly 100 countries, including overseas users, dealership partners, members of the ESG Advisory Alliance, and international media representatives, to engage in an in-depth dialogue about the future of mobility.

In his keynote address at the opening ceremony，Yin Tongyue, Chairman of Chery Automobile Co., Ltd. (9973.HK), elaborated on the strategic essence of “Co-Create, Co-Define.”

From January to September 2025, Chery Group’s global sales surpassed 2 million units, with European sales more than doubling year-on-year to reach 145,000 units, showcasing the tangible value of global co-creation.

Mr. Yin emphasized that Chery is evolving from an automobile manufacturer into a builder of intelligent mobility ecosystems. Guided by the principle “In somewhere, For somewhere, Be somewhere,” the Group continues to advance localization by partnering with local universities and enterprises to develop localized products and nurture local talent, striving to become a truly local enterprise.

He also emphasized that ESG is central to sustainable development. Chery will continue working with international organizations to advance low-carbon technologies and public welfare initiatives, fulfilling its responsibility as a global corporate citizen. Mr. Yin concluded by reaffirming Chery Group’s commitment to building an open, inclusive, and sustainable automotive ecosystem together with its global partners.

Co-Creation — Building an Open and Collaborative User Ecosystem

Global Voices, Shared Stories

At the User Awards Ceremony, representatives from Vietnam, South Africa, Kazakhstan, Spain, and Indonesia shared their stories of connection with Chery.

Le Nguyen Bao Ngoc, brand ambassador for OMODA & JAECOO Vietnam, integrates sustainability into brand communication. Samurai Farai, a South African artist, infused local culture into Chery through creative vehicle art. Mussa Ramazanov from Kazakhstan demonstrated the reliability of EXEED vehicles after driving over 100,000 km. Carlos Guisado from Spain and his family showcased their deep trust by choosing the OMODA & JAECOO brand. Humam from Indonesia built a local community of over 300 Chery owners, forming a thriving content ecosystem.

From CHERY, OMODA & JAECOO, and EXEED to iCAUR, LEPAS, and LUXEED, users around the world are not just customers — they are co-creators shaping Chery’s global brand narrative. Their authentic engagement gives Chery a warmer, more human presence in the global marketplace.

Expanding the ESG Alliance: Building a Global Network for Sustainability

A key highlight of the conference was the launch of the Chery Global ESG Advisory Alliance, marking a major upgrade in Chery’s sustainability strategy.
This year, the alliance expanded significantly — welcoming new globally influential members such as the IUCN, the United Nations University, and the Asian Paralympic Committee.
The alliance now encompasses a broader network of media, NGOs, and financial institutions, fostering a rich, collaborative ecosystem.

Notably, former UN Secretary-General Ban Ki-moon attended in person and officially joined the alliance as an ESG Advisor.

His participation not only enhanced the alliance’s international credibility but also reflected global recognition of Chery’s sustainability roadmap. Through this upgraded alliance, Chery is transforming ESG from an internal corporate initiative into a global collaborative movement, promoting deep cooperation in low-carbon R&D, public welfare programs, and industry standardization.

At the ESG strategy level, Chery has built a comprehensive framework supported by three key pillars: “Low-Carbon Transition and Nature Positive,” “Value Chain Collaboration,” and “Self-Discipline and Compliance Development.” The Group has already made substantial progress across multiple dimensions.

On the technological front, Chery promotes low-carbon transformation through innovations such as the Mars Architecture Hybrid Platform and solid-state battery technology.

On the environmental front, it became the first Chinese automaker to receive a mutual recognition report for Life Cycle Assessment (LCA) between China and the EU.

On the social responsibility front, Chery continues to collaborate with UNICEF on the “Empowering Every Child’s Learning Journey” initiative and works with the IUCN to advance global nature conservation projects — demonstrating its firm commitment to turning ESG promises into tangible action.

Co-Define — Shaping the Strategic Blueprint for
Intelligent Mobility

Strategic Elevation Defines a New Paradigm for Intelligent Mobility 

In the grand finale, Mr. Zhang Guibing, President of Chery International, delivered a keynote speech themed “Co-Creating Sustainable Development, Co-Defining the Future Ecosystem,” elaborating on Chery’s strategic evolution from a traditional automaker to a builder of intelligent mobility ecosystems.

He noted that Chery has ranked No.1 among Chinese brands in overseas sales for 22 consecutive years, with monthly exports exceeding 100,000 units for five consecutive months. Its new energy vehicle growth rate leads among China’s top five auto brands, and PHEV models have achieved No.1 retail sales in multiple markets — achievements that firmly validate the foundation of Chery’s strategic transformation.

Driven by the global trends of low-carbon transition and AI intelligence, the automotive industry is rapidly evolving toward an integrated “vehicle + ecosystem” model. In this context, Chery is building a comprehensive technology ecosystem that transcends the traditional automotive domain — one that deeply integrates users, vehicles, robots, and big data.

This system is anchored in intelligent, connected new energy vehicles, while extending into emerging fields such as flying cars, robotaxis, robotics, photovoltaics, and green energy, forming a diversified and synergistic innovation network. Moving forward, Chery will dedicate part of its teams to the automotive business and others to the research, development, and operation of new ventures like robotics, jointly shaping a future-oriented mobility ecosystem.

Mr. Zhang further detailed Chery’s roadmap: Strengthening leadership in PHEV hybrid and BEV electric platforms. Accelerating commercialization of autonomous driving technologies. Advancing innovation in robotics and aerial mobility. Deepening localization under the philosophy “In somewhere, For somewhere, Be somewhere.”

This strategic transformation marks Chery’s evolution from a traditional automaker into a green, intelligent mobility technology company that co-creates, co-defines, and co-prospers with its users and partners. By building an open and collaborative innovation ecosystem, Chery is not only redefining the boundaries of the mobility industry but also opening new pathways for shared growth with global partners.

Co-Create. Co-Define.
 Co-Win the Future.

Through its dynamic structure of speeches, dialogues, and collaborative announcements, the 2025 Chery International User Summit vividly embodied its theme of “Co-Create, Co-Define.”

From Ban Ki-moon’s participation to user stories from across the globe, from the robotic performances that opened the event to the upgraded ESG Alliance, Chery conveyed a clear message to the world:
It is not building a closed product system, but an open, evolving, user-driven mobility ecosystem.

As technology converges with humanity, and users evolve from product consumers to ecosystem co-creators, Chery’s vision extends beyond cars — toward a new way for people to connect with the world.

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SOURCE Chery International

BOSTON, Oct. 21, 2025 /PRNewswire/ — Mapa Broker (@mapabroker) participated in the World Leaders Congress held at Harvard on October 9–10. During the event, Erika Rodríguez, Mapa’s co-founder, delivered a talk titled “The Business of Second Chances: Car Auctions,” offering a transformative perspective on the automotive industry and the power of reinvention—in business and in life.

In her presentation, Erika compared vehicles that go to auction with the second chances people have to start over, highlighting how Mapa’s vision has enabled thousands of Latinos in the United States to understand, participate in, and grow within the car auction business.

“Just as cars have a second chance at auctions, people also have the power and the right to reinvent ourselves,” said Rodríguez to an audience of business leaders and entrepreneurs from various countries.

One of the most significant moments of the forum was the announcement that Mapa Broker has become Copart’s first Latin partner—Copart being the largest car auction company in the United States—for the development of an app that will revolutionize Hispanic community access to this market: the Mapa App.

During the talk, the team unveiled the app’s visual prototype through an interactive landing page that allows users to explore its functionality and design. The first version, available in December 2025, will integrate AI developed by Mapa to provide clear, Spanish-language, real-time information on vehicles listed on Copart. It will also feature personalized guidance from Mapa representatives, ensuring that any person—without needing to be a dealer or hold a license—can participate and purchase directly in auctions.

The second version, scheduled for May 2026, will add advanced tools such as a cost calculator, a digital wallet, and the ability to place bids directly from the app, thereby delivering a complete, transparent, and accessible experience.

Mapa’s participation at Harvard represents not only a business milestone but also a step forward in its mission to democratize the car auction world and create more opportunities for the Latino community in the United States.

“Reaching the prestigious Harvard University with a project that was built from scratch—with dedication, purpose, and community—is living proof that dreams can’t be bought: they are built with effort, consistency, and faith.” — Erika Rodríguez, co-founder of Mapa Broker

With this advancement, the company reaffirms its commitment to innovation, education, and digital inclusion within the automotive sector.

Mapa Broker and Copart: technology, community, and second chances in service of Latino growth.

For more information, visit

mapabroker.com

or follow

@mapabroker

on all social platforms.

Photos:

Click here

MEDIA & INTERVIEW CONTACT
New Concept PR – Fabiola Malka –fabiola@newconceptpr.com

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SOURCE Mapa Broker

MEXICO CITY, Oct. 20, 2025 /PRNewswire/ — Grupo Rotoplas, S.A.B. de C.V. (BMV: AGUA), the leading provider of innovative water solutions in the Americas, announces that it has received the 2025 Sustainable Innovation Leadership Award (Premio Empresas Líderes en Innovación Sustentable – ELIS), granted by HSBC in collaboration with EY.

This year’s recognition in the Environmental category marks an important milestone for the Company. With this achievement, Rotoplas completes the full cycle of awards across the three ESG dimensions, adding to those earned in Governance (2022) and Social (2023), consolidating its position as a comprehensive sustainability benchmark.

The independent judging panel from HSBC and EY highlighted that Rotoplas’ Sustainability Strategy is grounded in efficiency, innovation, and environmental stewardship, aligning with the UN Sustainable Development Goals (SDGs) and international standards. The committee emphasized how the Company’s, through its materiality analysis, identifies impacts and opportunities that enhance its contribution to responsible development.

Investor Relations Contacts

About the Company

Grupo Rotoplas S.A.B. de C.V. is America’s leading provider of water solutions, including products and services for storing, piping, improving, treating, and recycling water. With over 45 years of experience in the industry and 18 plants throughout the Americas, Rotoplas is present in 14 countries and has a portfolio that includes 27 product lines, a services platform, and an e-commerce business. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker “AGUA” since December 10th, 2014.

Pedregal 24, piso 19, Col. Molino del Rey
Miguel Hidalgo
 C.P. 11040, Ciudad de México
T. +52 (55) 5201 5000
www.rotoplas.com

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SOURCE Grupo Rotoplas S.A.B. de C.V.

LUGANO, Switzerland, Oct. 20, 2025 /PRNewswire/ — Entrepreneur and founder of TELF AG, Stanislav Kondrashov, has released a new article titled “How Does Solar Energy Work? A Step-by-Step Explanation by Stanislav Kondrashov,” offering readers a clear, accessible look at one of the most transformative technologies of our time. The publication has quickly become one of his most acclaimed energy-focused releases, praised for its clarity, relevance, and engaging explanation of solar power’s growing role in the global energy transition.

A New Era of Accessible Power

Solar energy has quickly gone from a niche technology to a common source of power.

“Solar power has made energy available to everyone. It gives people, not just companies, a chance to be a part of the global energy change,” Kondrashov said.  

The article talks about how the widespread use of solar technology has been made possible by its low cost, government incentives, and growing concern for the environment. This has made renewable energy available to homes, businesses, and public institutions all over the world.

Inside the Solar Process

Kondrashov’s publication breaks down the science behind solar systems in simple terms. Photovoltaic (PV) cells made from silicon capture sunlight, converting it into direct current (DC) electricity. This current is then transformed by an inverter into alternating current (AC), the form used to power homes and businesses. Excess energy can be stored in batteries or fed back into the grid, creating a sustainable and efficient loop.

“Understanding how solar energy works shouldn’t be reserved for engineers,” Kondrashov notes. “It’s now part of everyday life, and people should feel confident talking about it.”

Efficiency and Innovation

The analysis also explores the factors that affect panel efficiency, ranging from cell type and orientation to temperature and shading, and introduces smart technologies that optimize energy management through real-time monitoring.

Solar batteries, meanwhile, are enabling 24-hour energy reliability, a crucial advancement for off-grid communities and regions with unstable power infrastructure.

“That’s energy independence, and it’s becoming mainstream,” Kondrashov added.

Solar Energy’s Global Impact

Kondrashov says that solar power is more than just a step forward in technology; it also shows a move toward self-sufficiency and sustainability.

“We’re not just putting up panels,” he says. “We’re changing how people think about sustainability, resilience, and consumption.”

Solar energy is now one of the most important parts of the modern energy transition, along with wind and electric mobility. It is one of the main ways to decarbonize the world.

A Future Powered by the Sun

Solar energy is still making the world a cleaner and more responsible place to live. Panels can last up to 30 years and don’t release any pollution when they work.

“We are in a time when knowing about energy is power, literally. And solar energy gives people that power, from rooftops to faraway places. It’s not just power. It says what kind of future we want to make,” Kondrashov concluded.

About Stanislav Kondrashov

Stanislav Kondrashov’s
business platform is a hub for insightful analysis on the global transformations shaping our world. With a strong focus on the energy transition and the minerals driving it, from essential resources like copper to rare earth elements, the platform provides accessible, thought-provoking content on the innovations, markets, and challenges defining the future of sustainable energy.

Built on the belief that true understanding comes from context and connection, Stanislav Kondrashov’s platform delivers stories that inform, inspire, and engage. From industry breakthroughs to human-centered features, it offers readers a deeper look into the people, ideas, and forces shaping today and tomorrow.

Company Website: https://stanislavkondrashovtelfag.com/

Instagram: https://www.instagram.com/therealstanislavkondrashov/

Twitter: https://x.com/RealKondrashov

Contact

Stanislav Kondrashov


media@stanislavkondrashovtelfag.com

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SOURCE Stanislav Kondrashov

NORWALK, Conn., Oct. 20, 2025 /PRNewswire/ — Terex Corporation (NYSE: TEX) will hold its conference call to review third quarter 2025 financial results on Thursday, October 30, 2025 at 8:30 a.m. Eastern Time. Simon Meester, President and Chief Executive Officer, and Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer, will host the call.

The Company’s financial results will be issued and available at https://investors.terex.com prior to the call the morning of Thursday, October 30, 2025.

Participants are encouraged to access the webcast 15 minutes prior to the starting time. The webcast will be available for replay at https://investors.terex.com.

About Terex
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization, and offer complementary digital solutions, designed to help our customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, and Asia Pacific and sold worldwide. For more information, please visit www.terex.com.

Contact Information
Derek Everitt
VP Investor Relations
Email: InvestorRelations@Terex.com

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SOURCE Terex Corporation

The acquisition of ERG further strengthens Arcwood Environmental’s presence across the Great Lakes region

CLEVELAND, Oct. 20, 2025 /PRNewswire/ — Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of ERG Environmental (ERG), a premier integrated special waste and environmental solutions provider, to Arcwood Environmental (Arcwood), a national leader in sustainable waste management and environmental services and a portfolio company of EQT Infrastructure (EQT). BGL’s Environmental Infrastructure investment banking team served as the exclusive financial advisor to ERG in the transaction. The specific terms of the transaction were not disclosed.

Founded in 1995 and headquartered in Livonia, Michigan, ERG is a leading integrated special waste management and environmental solutions provider operating across the broader Great Lakes region. Leveraging its interconnected network of highly permitted facilities and complementary technical and field services, ERG delivers a full spectrum of special waste management services, including sampling, lab analysis, waste characterization, manifesting, transportation, and disposal of complex waste streams. The company’s strong reputation, integrated service model, and impressive history of service excellence, safety, and sustainability have enabled it to partner with municipal, commercial, and industrial customers throughout the region. 

Headquartered in Indianapolis, Indiana, Arcwood is one of the largest waste management and environmental services companies in North America, providing comprehensive and scalable solutions that span the entire waste hierarchy, from prevention and recycling to treatment and disposal.

The acquisition of ERG further strengthens Arcwood’s operational presence across the Great Lakes region and expands its capabilities in industrial environmental services, compliance support, and technical expertise.

Our Environmental Infrastructure team focuses on businesses that perform essential services to the waste processing & disposal, water & wastewater treatment, waste-to-value, and waste-to-energy markets. Our industry-focused bankers offer highly specialized expertise and long-standing relationships that serve to maximize the opportunities available to our clients.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Boston, Chicago, Cleveland, Los Angeles, and New York, and real estate offices in Chicago and Cleveland. The firm is also a founding member of REACH Cross-Border Mergers & Acquisitions, enabling BGL to service clients in 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com. 

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SOURCE Brown Gibbons Lang & Company

Flag football tradition at Fluor Field raises funds for Habitat for Humanity of Greenville County and Shriners Children’s Greenville through competitive play and community spirit

GREENVILLE, S.C., Oct. 20, 2025 /PRNewswire/ — Greenville-based private equity firm Broadstreet Global hosted its fourth annual Charity Classic flag football tournament on October 16, uniting hundreds from the Upstate business community for an afternoon of friendly competition, camaraderie, and giving back. This year’s event raised $100,000 in support of two organizations central to Greenville’s social fabric: Habitat for Humanity of Greenville County, which builds pathways to affordable homeownership for working families, and Shriners Children’s Greenville, which has provided world-class pediatric specialty care regardless of ability to pay since 1927.

Fluor Field, the award-winning home of the Greenville Drive that helped catalyze the city’s downtown transformation when it opened in 2006, provided the backdrop for an afternoon that felt equal parts tailgate party and community celebration. Teams representing Broadstreet, the two nonprofit beneficiaries, Contender Development, and A3 Communications faced off in spirited competition while spectators enjoyed food, entertainment, and the welcoming atmosphere that has made the ballpark a beloved, local landmark.

Throughout the tournament, Broadstreet Global amplified the giving through its signature touchdown pledge, donating for every score and adding an extra element of excitement to each play. The initiative has become a defining feature of the Charity Classic, turning every touchdown into tangible community support.

“Homeownership is the foundation for so much of what we hope for our families: stability, opportunity, and the chance to build generational wealth,” said LaTonya Phillips, President and CEO of Habitat for Humanity of Greenville County. “Events like the Charity Classic demonstrate what is possible when the business community invests not just in economic growth, but in ensuring that growth includes everyone. These funds will help more families in Greenville County achieve the dream of owning their own home, and we are deeply grateful to Broadstreet Global and everyone who participated for making that possible.”

For Shriners Children’s Greenville, the tournament proceeds support a mission that has defined the hospital for nearly a century: ensuring every child receives the care they need regardless of their family’s financial situation.

“The generosity of our community has sustained Shriners Children’s Greenville since we opened our doors in 1927,” said Paul Finelli, Senior Director of Philanthropy at Shriners Children’s Greenville. “When local businesses rally behind us through events like the Charity Classic, they make it possible for us to continue delivering life-changing care to children who might otherwise go without it. Every dollar raised for Shriners through this tournament will help us uphold our promise that a family’s ability to pay will never be a barrier to receiving the best possible care for their child.”

The Charity Classic has become a cornerstone of Broadstreet Global’s community engagement, with previous tournaments supporting organizations including Upstate Warrior Solution and Sunday Dinner with a Twist. For the firm, the annual event reflects a broader philosophy about the role private equity can play in strengthening the communities where it does business.

“Four years ago, we wanted to create something that reflected who we are as a firm and who Greenville is as a community,” said Joseph Baldassarra, President of Broadstreet Global. “We invest in the Carolinas because we believe in the people and the potential here, and this tournament is our way of supporting the incredible organizations that do transformative work for families across the Upstate.”

Event Images: https://www.dropbox.com/scl/fo/y59vq95kmz37pqvqhlotp/AGJxDCsflNUl_eWdNxfb_K0?rlkey=zpme2z1whvgqdl0ddss27gnhm&st=2eusqwx0&dl=0
(Photo Credit: Jay Baker Media)

For more information about Broadstreet Global, visit broadstreetglobal.com.

About Broadstreet Global
Broadstreet Global is a private equity firm that has an impressive track record of identifying promising growth sectors for capital investments. Based in Greenville, South Carolina, the firm’s investor profile includes high-net-worth individuals, family offices, registered investment advisors, and institutional investors. The company has completed over $5 billion in transactions, and more than 3,000 people are employed/associated across the businesses in its portfolio. Rooted in the Carolinas and expanding throughout the Southeast, the firm combines regional expertise with a hands-on investment approach to create long-term value. For more information, visit broadstreetglobal.com.

MEDIA CONTACT:
James DeMarco
Red Banyan
BroadstreetGlobal@redbanyan.com 

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SOURCE Broadstreet Global

The attainment of both certifications recognizes the company’s sustainability efforts

GALVESTON, Texas, Oct. 20, 2025 /PRNewswire/ — Royal Caribbean Group’s (NYSE: RCL) Galveston Cruise Terminal (GCT) is the first cruise terminal to formally achieve both Leadership in Energy & Environmental Design (LEED) Net Zero Energy and LEED Net Zero Carbon certifications for its ongoing operations. These two new certifications build on Royal Caribbean Group’s existing LEED Gold certification for the design and construction of GCT, which began operations in November 2022.

“Earning three prestigious LEED certifications in under three years is both a testament to Royal Caribbean Group’s mission to deliver the best vacations responsibly and to the incredible drive of our partners, at SSA Marine, CodeGreen and the Port of Galveston,” said Joshua Carroll, senior vice president, Destination Development, Royal Caribbean Group. 

Developed by the U.S. Green Building Council (USGBC), LEED is a globally recognized rating system and framework for identifying and implementing practical green building strategies. The LEED Zero Carbon certification recognizes buildings operating with net zero carbon emissions over the course of the past year, and the LEED Zero Energy certification recognizes buildings that achieve a source energy use balance of zero for the past year.

“Achieving LEED certification is more than just implementing sustainable practices. It represents a commitment to making the world a better place and influencing others to do better,” said Peter Templeton, president and CEO, USGBC. “Given the extraordinary importance of climate protection and the central role buildings play in that effort, Royal Caribbean Group is creating a path forward through their LEED certification.”

Royal Caribbean Group’s Destination Development team, Galveston terminal operator SSA Marine, and environmental consulting firm CodeGreen worked together on the project. CodeGreen audited and benchmarked the terminal’s energy, water and waste use. The SSA Marine operations team used these metrics to make necessary upgrades and improvements, including retro-commissioning building systems, to reach peak performance. This year-long process concluded in March 2025, and the two Net Zero certifications were awarded on June 18, 2025.  

To commemorate these milestones, a plaque was hung in the terminal’s grand lobby, as a testament of Royal Caribbean Group’s commitment to sustainability and delivering vacations responsibly.

About Royal Caribbean Group:
Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 68 ships across its five brands traveling to all seven continents. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean, Celebrity Cruises, and Silversea; and an expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns a 50% joint venture interest in TUI Cruises, which operates partner brands Mein Shiff and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually delivers exciting new products and guest experiences that help shape the future of leisure travel. Learn more at royalcaribbeangroup.com or rclinvestor.com.

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SOURCE Royal Caribbean Group