Tag Archives: Sweden

Boliden’s Multi-Billion Investment Drive: New Tech Breakthroughs and Environmental Commitments

(IN BRIEF) Boliden, a leading mining and smelting company, has unveiled a significant investment plan totaling SEK 4.8 billion in a new tank house at Rönnskär, set to enhance copper cathode and precious metal production by 2026. Additionally, investments in … Read the full press release

NIB Supports Nefab Group’s Expansion with EUR 50 Million Loan Agreement

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a EUR 50 million loan agreement with Nefab Group AB, a Swedish industrial packaging company, to facilitate its acquisitions of US PolyFlex Products Inc. and Swiss Cargopack group AG, as well … Read the full press release

Södra Partners with ANDRITZ for Sustainable Upgrade of Mörrum Pulp Mill

(IN BRIEF) In a move towards enhancing sustainability and efficiency, Swedish forest industry group Södra has collaborated with international technology conglomerate ANDRITZ to upgrade three electrostatic precipitators (ESPs) at the Mörrum pulp mill. This mechanical and electrical refurbishment aims to … Read the full press release

Nordic Investment Bank Commits EUR 125 Million Loan to Boost Innovation at Valmet Oyj

(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a EUR 125 million 8-year loan agreement with Finnish company Valmet Oyj to support its research and development (R&D) initiatives in Finland and Sweden from 2023 to 2025. Valmet, a global … Read the full press release

wpd Achieves Wind Energy Milestones in Sweden and Finland

(IN BRIEF) wpd, a leading developer of onshore wind energy projects in Europe, has achieved significant milestones in Sweden and Finland. In Sweden, they’ve commissioned the Stöllsäterberget wind farm and secured contracts for future projects. In Finland, wpd is progressing … Read the full press release

ESS and Alfa Laval Spearhead Sustainable District Heating Initiative in Lund, Sweden

(IN BRIEF) The European Spallation Source (ESS) and Alfa Laval are leading a groundbreaking initiative to connect recovered, fossil-free waste heat from ESS to Lund’s district heating network in Sweden. Alfa Laval will provide heat exchangers using emission-free steel from … Read the full press release

EuroMaint Inaugurates State-of-the-Art Maintenance Center in Nässjö, Sweden

(IN BRIEF) EuroMaint, a subsidiary of the CAF Group and a leading railway services provider, marks the opening of a modern maintenance center in Nässjö, Sweden. The 35,000 square meters facility, strategically located, will maintain new trains delivered by CAF … Read the full press release

NIB and Billerud Aktiebolag Ink SEK 400 Million Deal for Sustainable Packaging R&D

(IN BRIEF) The Nordic Investment Bank (NIB) and Billerud Aktiebolag (publ) have finalized a SEK 400 million investment loan agreement to support Billerud’s research and development (R&D) activities from 2023 to 2026. Billerud, a leading Swedish paper and packaging materials … Read the full press release

Stora Enso and SEB Forge Path for Forest Industry Entrepreneurs with Innovative Financing Model

(IN BRIEF) Stora Enso’s innovative Harvesting Partner concept, aimed at fostering entrepreneurship and skillful operators in the forest industry, has expanded across Sweden, Finland, Norway, and Lithuania since its launch in November 2022. In collaboration with SEB, Stora Enso has … Read the full press release

Hydro Rein Partners with IOWN Energy for Large-Scale Wind Power Projects in Sweden and Norway

(IN BRIEF) Hydro Rein, Hydro’s renewable growth venture, has struck a deal with Swedish renewable energy developer IOWN Energy to acquire an 80 percent stake in a 2.4 GW portfolio of wind power projects in Sweden and Norway. The partnership … Read the full press release

Gasum Expands Filling Station Network to Meet Growing Demand for Biogas in Sweden

(IN BRIEF) Gasum, an energy company, is set to open a new filling station in Vänersborg, Sweden, in collaboration with logistics firm Centralen, aiming to address the increasing demand for biogas across the Nordics. Scheduled to open on March 11, … Read the full press release

Michelin, Antin, and Enviro Collaborate on Revolutionary Tire Recycling Plant in Sweden

(IN BRIEF) Michelin, in partnership with Antin and Enviro, has announced the construction of the first end-of-life tire recycling plant in Uddevalla, Sweden. This joint venture aims to recycle approximately 35,000 tons of used tires annually, creating up to 40 … Read the full press release

European Investment Bank Group Records Historic €2.91 Billion Financing for Swedish Projects in 2023

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) provided a record-breaking €2.91 billion in financing for 32 projects in Sweden. The majority of funding (76.7%) was allocated to climate action and environmental sustainability initiatives, with notable support … Read the full press release

Gasum to Invest €62 Million in Borlänge Biogas Plant to Boost Renewable Energy Production

(IN BRIEF) Gasum, a Nordic energy company, is set to invest over €62 million in the construction of a biogas plant in Borlänge, Sweden. This initiative is part of Gasum’s larger plan to build five large-scale biogas plants in Sweden, … Read the full press release

Nuvia, a VINCI Construction Subsidiary, Secures Major Contract for Ringhals Nuclear Plant Decommissioning in Sweden

(IN BRIEF) Swedish energy company Vattenfall has awarded Nuvia, a subsidiary of VINCI Construction, a significant contract to undertake the dismantling of units 1 and 2 at the Ringhals nuclear power plant in Sweden. This comprehensive project, scheduled to run … Read the full press release

Sweden and France Strengthen Defense Cooperation with Saab and MBDA Partnership

(IN BRIEF) Sweden and France have signed a strategic partnership agreement aimed at bolstering their defense collaboration, focusing on anti-tank and air defense capabilities. As part of this initiative, Saab and MBDA, the CEOs of which are Micael Johansson and … Read the full press release

Nordic Aviation Leaders and Vattenfall Team Up to Explore Hydrogen-Powered Airports in Sweden and Norway

(IN BRIEF) Airbus, Avinor, SAS, Swedavia, and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of establishing a hydrogen infrastructure at airports in Sweden and Norway. The collaboration aims to understand hydrogen aircraft concepts, operations, supply, infrastructure, … Read the full press release

Beijer Byggmaterial Inaugurates Phase One of State-of-the-Art Builders’ Merchants Facility in Gothenburg

(IN BRIEF) Beijer Byggmaterial, part of STARK Group, has unveiled the first phase of construction for one of Sweden’s most modern builders’ merchants, representing a substantial investment in the growth region around Gothenburg. Located strategically in Hisings Backa, near central … Read the full press release

AFRY and WSP Collaborate on Transformative North Bothnia Line Railway Plan in Sweden

(IN BRIEF) The Swedish Transport Administration has enlisted the services of AFRY and WSP to develop a railway plan for the Skellefteå – Degerbyn section of the North Bothnia Line, a significant 270-kilometer coastal railway project connecting Umeå and Luleå. … Read the full press release

EIB Supports Cold Lake’s Land-Based Arctic Char Farming Project with €28 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has signed a €28 million loan agreement with Cold Lake Invest AB, a Swedish company, to support its innovative project for the sustainable land-based farming of Arctic char. This initiative aims to address … Read the full press release

NIB Becomes InvestEU Implementing Partner for Norway and Iceland, Expanding Lending Capacity

(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release

Expeditio Architects Empowers Sustainable Urban Development with Innovative Online Portal

(IN BRIEF) Expeditio Architects, an organization based in Montenegro, is pioneering sustainable spatial development projects, emphasizing civil society, architecture, urban planning, energy efficiency, and cultural heritage. With support from Sweden, they launched Archylab, an interactive portal aimed at educating architects … Read the full press release

EIB and NIB Commit €371 Million for H2 Green Steel’s Revolutionary Low-Carbon Plant

(IN BRIEF) The European Investment Bank (EIB) and the Nordic Investment Bank (NIB) have joined forces to provide €371 million in financing for H2 Green Steel’s groundbreaking steel plant project in Boden, Sweden. Backed by the European Union’s InvestEU program, … Read the full press release

Coordinated Operation Across Four Countries Targets Online Trading Fraud Network Defrauding Millions

(IN BRIEF) Judicial and law enforcement authorities from Germany, Cyprus, Bulgaria, and Sweden collaborated in a coordinated action against an organized crime group suspected of online trading fraud. The criminal network operated fraudulent online trading platforms from call centers and … Read the full press release

Saab Secures SEK 300 Million Contract for Mobile Short Range Air Defence Solution in Sweden

(IN BRIEF) Saab has been awarded a contract worth approximately SEK 300 million from the Swedish Defence Materiel Administration (FMV) for its Mobile Short Range Air Defence (MSHORAD) solution. The contract, spanning 2024 to 2026, will see the deployment of … Read the full press release

CO-RO Chooses Alfa Laval’s Sustainable Juice Mixing Plant for Enhanced Efficiency

(IN BRIEF) Denmark’s renowned beverage and home-freeze ice lolly producer, CO-RO, has selected Alfa Laval to provide a complete juice mixing plant for its processing facility in Frederikssund, Denmark. Sustainability plays a pivotal role in this collaboration, as food and … Read the full press release

Celebrating Sustainability: EIB Invests Over $1 Billion in Northvolt’s Gigafactory Expansion

(IN BRIEF) The European Investment Bank (EIB) is set to provide a substantial lending package of slightly over $1.038 billion (€942.6 million) to support the expansion of Northvolt’s gigafactory in Skellefteå, Sweden. This financing is a crucial component of a … Read the full press release

NIB Grants USD 97.3 Million Loan to Northvolt for Lithium-Ion Battery Manufacturing and Recycling Facility in Sweden

(IN BRIEF) The Nordic Investment Bank (NIB) has provided a USD 97.3 million (EUR 88.30 million) loan to Northvolt Ett AB, as part of a consortium, for the establishment of an integrated lithium-ion battery manufacturing and recycling facility in Skellefteå, … Read the full press release

Nordic Paper Selects AFRY as Partner for Sustainable Investment Projects in Sweden

(IN BRIEF) Nordic Paper, a prominent specialty paper manufacturer based in Scandinavia, has enlisted AFRY as its engineering and project management collaborator for strategic investment initiatives at its Bäckhammar mill in Sweden. With an investment of approximately MSEK 850, Nordic … Read the full press release

Vattenfall and BASF Forge Green Partnership for German Offshore Wind Farms

(IN BRIEF) Vattenfall and BASF have signed a Memorandum of Understanding to collaborate on the Nordlicht 1 and 2 offshore wind farm projects in the German North Sea. BASF is set to acquire a 49% stake in these projects, which … Read the full press release

EBRD Funds Boost Access to Finance for Women-Led SMEs in Armenia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Acba Bank, a prominent Armenian bank, with support from the European Union (EU) and Sweden. This funding will specifically target women-led small and … Read the full press release

EIB Grants €110 Million Loan to Billerud for Eco-Friendly Pulp and Paper Mill Upgrades

(IN BRIEF) The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately €110 million) loan agreement with Billerud, a leading paper and packaging materials supplier based in Sweden. The loan will support the modernization and environmental upgrade of … Read the full press release

Fortum and Studsvik Collaborate to Explore New Nuclear Options for Sweden’s Green Transition

(IN BRIEF) Fortum, a leading energy company, has entered into a Memorandum of Understanding (MoU) with Swedish nuclear technology firm Studsvik to investigate the potential for new nuclear projects in Sweden. This collaboration is part of Fortum’s ongoing feasibility study … Read the full press release

Swedish Collaboration Pioneers Sustainable Construction with Fossil-Free Steel Building

(IN BRIEF) Peab, SSAB, Ruukki Construction, and Wihlborgs have unveiled the world’s first building constructed entirely with fossil-free steel in Lund, Sweden. The industrial facility named “Tomaten 1” represents a significant milestone in reducing the carbon footprint of the construction … Read the full press release

AFRY Secures Framework Agreement to Enhance Sweden’s Electricity Distribution Network for Renewable Energy Integration

(IN BRIEF) AFRY, a prominent player in industry, energy, and infrastructure, has been awarded a significant framework agreement with Vattenfall Eldistribution, one of Sweden’s largest Distribution System Operators (DSOs). Under this agreement, AFRY will provide a range of technical consulting … Read the full press release

Continental Expands Industrial Solutions with Acquisition of Conveyor and Maintenance Firm Vertech AB

(IN BRIEF) Continental has acquired Vertech AB, a conveyor and maintenance company located in Kiruna, Northern Sweden. Vertech AB specializes in servicing the conveyor industry in mining areas of Sweden and Norway. This acquisition is part of Continental’s strategy to … Read the full press release

AF Gruppen’s Kanonaden Entreprenad Awarded Contract for Series Compensation Station in Isovaara to Boost Sweden-Finland Power Line

(IN BRIEF) AF Gruppen’s subsidiary Kanonaden Entreprenad has secured a contract to construct and install a new series compensation station in Isovaara for Svenska kraftnät. This project, carried out in collaboration with Hitachi Energy, is part of the Aurora Line, … Read the full press release

wpd Secures Grid Access for 740 MW Wind Farms in Sweden, Boosting Green Energy Production

(IN BRIEF) wpd, a leading global developer and operator of wind and solar farms, has secured grid access for two wind farms, Broboberget and Lannaberget, in Sweden. The grid connection agreement with Ellevio allows for up to 740 MW of … Read the full press release

ANDRITZ to Enhance Holmen Paper’s Production Flexibility Through Innovative Paper Machine Rebuild

(IN BRIEF) ANDRITZ, an international technology group, will rebuild Holmen Paper’s paper machine at the Braviken mill in Sweden to enhance production flexibility. This initiative will allow Holmen Paper to increase the production of fluting for corrugated boxes while ensuring … Read the full press release

SweGaN Partners with AFRY to Establish Semiconductor Production Facility in Sweden

(IN BRIEF) SweGaN, a semiconductor manufacturer based in Sweden, has chosen AFRY to provide comprehensive support and expertise in various disciplines for the establishment of its new headquarters and semiconductor production facility in Linköping, Sweden. AFRY is assisting SweGaN in … Read the full press release