Tag Archives: Sweden

Oddlygood Acquires Planti, Expanding its Plant-Based Market Leadership in Sweden and Finland

(IN BRIEF) Finnish plant-based product producer, Oddlygood, has acquired the Nordic brand Planti® in a strategic move to strengthen its position in the plant-based dairy alternative market. The acquisition makes Oddlygood the market leader in plant-based dairy alternative spoonable snacks … Read the full press release

Vestas Secures Order for 25 Wind Turbines in Sweden’s Horshaga Wind Park

(IN BRIEF) Vestas, a leading wind turbine manufacturer, has received a substantial order from SR Energy AB for the Horshaga wind park in southern Sweden’s Uppvidinge municipality. The order encompasses 20 V162-6.2 MW and five V150-4.5 MW wind turbines, along … Read the full press release

Skanska to Construct Innovative Wooden-Framed Hospital Building in Karlstad, Sweden

(IN BRIEF) Skanska has entered into an agreement with Region Värmland to construct a groundbreaking new reception building at the Central Hospital, CSK, located in Karlstad, Sweden. Valued at approximately SEK 740 million, this contract will be recorded as part … Read the full press release

EBRD and EU Empower Georgian Women-Led Enterprises with $20 Million Loan to TBC Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release

Ericsson and MediaTek Collaborate on RedCap for Enhanced 5G Standalone Performance

(IN BRIEF) Ericsson and MediaTek have collaborated to exhibit the capabilities of the Reduced Capability (RedCap) solution in the realm of 5G Standalone technology. This partnership involved successful interoperability testing (IoDT) in Sweden, where the RedCap data was tested alongside … Read the full press release

Gasum Opens Renewable Gas Filling Station in Växjö, Sweden to Meet Growing Demand for Sustainable Fuel

(IN BRIEF) Gasum, a Nordic energy company, has opened a new gas filling station in Växjö, Sweden, in response to increasing customer demand for lower-emission fuel options. The station offers renewable liquefied biogas (LBG) and liquefied natural gas (LNG), which … Read the full press release

The Nuclear Power Plant in Forsmark, Sweden Drives Economic Success and Community Support

Forsmark's Nuclear Power Plant Creates Jobs and Economic Boom in the Region

(IN BRIEF) The community of Forsmark, Sweden, is experiencing economic prosperity and low unemployment, thanks in part to the local nuclear power plant. Residents have shown long-standing support for the plant, which has contributed significantly to the local economy and … Read the full press release

ABB Robotics and Junglekeepers Launch Innovative Project: Cloud-Enabled Robot Automates Amazon Reforestation

(IN BRIEF) ABB Robotics and Junglekeepers have partnered in a pilot project to automate reforestation efforts in the Amazon using Cloud technology. ABB’s cobot YuMi has been deployed to automate seed planting tasks, allowing volunteers to focus on other impactful … Read the full press release

Kantar names SEB among Sweden’s top 10 most valuable brands

(IN BRIEF) SEB, a leading Swedish bank, has been ranked as the eighth most valuable brand in Sweden by Kantar, a global data analytics and brand consulting company. The ranking is based on a global survey of 20,100 brands in … Read the full press release

Gasum announces five teams for biogenic carbon dioxide utilization challenge

(IN BRIEF) Gasum, the Finnish state-owned energy company, has selected five teams to move forward in its open innovation competition, GasumHackathon, which was launched in January. The aim of the competition is to find solutions and partners to utilise the … Read the full press release

Stora Enso Completes Sale of Hylte Paper Production Site, Reducing Annual Sales by EUR 160 Million

(IN BRIEF) Stora Enso has completed the sale of its paper production site in Hylte, Sweden, and all related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The sale is part of Stora Enso’s previously announced plan … Read the full press release

ASSA ABLOY to Acquire Italian High-Security Residential Lock Manufacturer Mottura

(IN BRIEF) ASSA ABLOY, a leading Swedish lock and security company, has signed an agreement to acquire Mottura Serrature di sicurezza Spa, an Italian manufacturer of high-security residential armored lock cases and security cylinders. The acquisition will strengthen ASSA ABLOY’s … Read the full press release

Michelin-backed joint venture to create large-scale tire recycling group in Europe

(IN BRIEF) Scandinavian Enviro Systems and Antin Infrastructure Partners have formed a joint venture with Michelin to create the world’s first large-scale tire recycling group. The joint venture will use Enviro’s patented technology for extracting carbon black and pyrolysis oil … Read the full press release

Banedanmark awards AFRY with framework agreement for technical inspections on railway projects

(IN BRIEF) AFRY has been awarded a 4-year framework agreement by Banedanmark, the state-owned railway network in Denmark. The agreement involves technical inspections on all of Banedanmark’s ongoing and upcoming projects. AFRY’s experts in transportation, buildings, and energy will carry … Read the full press release

SSAB’s Revolutionary Steel: A Game-Changer for the Industry’s Green Transition

(IN BRIEF) Steel manufacturer SSAB has unveiled SSAB Zero, a fossil carbon emission-free steel that’s made with fossil-free energy and recycled steel. The first commercial steel of its kind, it will be available in Q2 2023. The launch of SSAB … Read the full press release

Volkswagen Financial Services diversifies portfolio with first auto ABS transaction in Sweden

(IN BRIEF) Volkswagen Financial Services has placed an auto ABS transaction in Swedish kronor, becoming the first company in the market to place an auto ABS transaction based on a securitized pool of leasing contracts. The transaction has a receivables … Read the full press release

AFRY’s Efterklang transforms old Swedish dockyard into immersive sound playground

(IN BRIEF) Efterklang, part of AFRY, has created a unique auditory experience at Djungellekan in Helsingborg, the first playground of its kind in Sweden. The park, which was inaugurated in the summer of 2022, has received two prestigious awards for … Read the full press release

Knut and Alice Wallenberg Foundation and Royal Swedish Academy of Sciences Support 17 Mathematicians in Groundbreaking Research

(IN BRIEF) The Knut and Alice Wallenberg Foundation’s mathematics program will award SEK 28m to 17 mathematicians working on mathematical studies of the pandemic, models of random events, and theories for extreme values. The foundation’s support of Institut Mittag-Leffler has … Read the full press release

Swedfund to invest $5m in Somali SMEs through NHAO fund

(IN BRIEF) Swedish development finance institution Swedfund has committed $5m to the Nordic Horn of Africa Opportunities Fund (NHAO), which invests in small and medium-sized Somali firms. The fund aims to provide financing for companies with around or less than … Read the full press release

Skanska to build mixed-use development in Norway’s Helgerudkvartalet for NOK 410M

(IN BRIEF) Construction company Skanska has announced a NOK 410 million ($48.5 million) contract to build a mixed-use building in the Helgerudkvartalet urban development project in Sandvika, Norway. The building will include 8,500 square metres of housing and 8,200 square … Read the full press release

Volvo Buses to partner with external bodybuilders for complete bus and coach range in Europe

(IN BRIEF) Volvo Buses is changing its business model in Europe and will focus on chassis production while outsourcing bodybuilding to external partners. The company has decided to shut down its bodybuilding factory in Wroclaw, Poland, by the first quarter … Read the full press release

University of Dundee Graduates to Showcase Art and Architecture at Prestigious Exhibition

(IN BRIEF) A dozen graduates from the University of Dundee will participate in the RSA New Contemporaries exhibition in Edinburgh, which opens on March 18. The exhibition features 11 artists and one architect from the university’s Duncan of Jordanstone College … Read the full press release

Telia Company Ranks Highly in Digital Inclusion Benchmark by World Benchmarking Alliance, Recognized for Cybersecurity and Skills Initiatives

(IN BRIEF) Telia Company ranked 4th in Europe and 12th globally in the latest Digital Inclusion Benchmark released by the World Benchmarking Alliance. The benchmark assesses tech companies based on their progress towards improving access to technology, fostering trustworthy use, … Read the full press release

Vattenfall recognized for tackling climate change in supply chain by global organization CDP

(IN BRIEF) Swedish energy company Vattenfall has won the Supplier Engagement Leader award from environmental nonprofit CDP. The award recognises Vattenfall’s efforts in its supplier CO2 reduction project, which aims to minimise the company’s carbon footprint in its supply chain. … Read the full press release

Win@Sea collaboration to investigate offshore wind and sustainable food production

(IN BRIEF) Swedish energy company Vattenfall has launched a new collaboration called ‘Win@Sea’ to investigate the production of sustainable food in offshore wind farms, while also improving the marine environment and biodiversity in the same area. Vattenfall has made Scandinavia’s … Read the full press release

Voith celebrates 10 years of its Products & Services Division in Sweden with new workshop launch

(IN BRIEF) Voith has opened a new refurbishment workshop in Karlstad, Sweden, which will offer a wider range of refurbishment services, allowing for the economical use of raw materials and an increase in efficiency while utilizing existing resources. The new … Read the full press release

First of Five Large Scale Biogas Plants in Sweden Receives Final Construction Permits

(IN BRIEF) Gasum, a Swedish energy company, has received final construction permits for its latest biogas plant project in Götene. The plant will produce 120 GWh of liquefied biogas per year from early 2025, utilizing mainly manure as feedstock from … Read the full press release

Renewcell starts producing pure dissolving pulp from 100 percent textile waste with the ADuro textile fiber preparation system from ANDRITZ

ANDRITZ technology contributes to circular fashion with key solutions for production of pulp made from 100% textile waste ANDRITZ textile fiber preparation system lays the foundation for a pioneering recycling process developed by Renewcell (PRESS RELEASE) GRAZ, 21-Dec-2022 — /EuropaWire/ … Read the full press release

Skanska Commercial Property Development to sell the Sthlm 01 office building in Stockholm to Skanska Investment Properties for EUR 210 million

(PRESS RELEASE) STOCKHOLM, 1-Dec-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced an internal transaction for the divestment of the the Sthlm 01 office building in Stockholm, Sweden owned by Skanska Commercial … Read the full press release

Skanska Commercial Property Development to sell nearly 10,000 sq. m. office building in Malmö to Skanska Investment Properties for EUR 55 million

(PRESS RELEASE) STOCKHOLM, 24-Nov-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced an internal transaction for the divestment of the office building in Malmö, Sweden owned by Skanska Commercial Property Development to … Read the full press release

MEAG to acquire 75% of the shares in the 260 MW wind power project Stor-Skälsjön in Sweden from Eolus and Hydro REIN

(PRESS RELEASE) OSLO, 15-Apr-2022 — /EuropaWire/ — Norsk Hydro ASA (OTCMKTS: NHYDY), a Norwegian aluminium and renewable energy company, has announced that Hydro REIN, a supplier of renewable power with strong pipeline of wind and solar projects in Brazil and … Read the full press release

Skanska signs a contract with Skandia Fastigheter for the development of two buildings in Gothenburg, Sweden

(PRESS RELEASE) STOCKHOLM, 7-Apr-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the company signed a contract with Skandia Fastigheter, a real estate rental agency in Stockholm, Sweden, for the development of … Read the full press release

Skanska to invest EUR 31 million in 99 Nordic Swan Ecolabelled apartments as part of a residential development project in Umeå, Sweden

(PRESS RELEASE) STOCKHOLM, 29-Mar-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced its plan to invest EUR 31 million (SEK 320 million) in 99 Nordic Swan Ecolabelled apartments as part of a … Read the full press release

Skanska sold its multi-family rental project in Stockholm to NREP for EUR 56 million

(PRESS RELEASE) STOCKHOLM, 17-Mar-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced it sold its multi-family rental project with high climate ambitions in Stockholm, Sweden to NREP, a Danish real estate investor … Read the full press release

Skanska to invest in a residential project for Nordic Ecolabel apartments in Solna, Sweden

(PRESS RELEASE) STOCKHOLM, 28-Feb-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced it will invest about SEK 470 million (~ EUR 44 million) in the sustainable residential project Kaprifolen with 127 Nordic … Read the full press release

Ørsted to buy 45 percent stake in what could become the world’s first large-scale sustainable e-methanol project

(PRESS RELEASE) FREDERICIA, 12-Jan-2022 — /EuropaWire/ — Ørsted (CPH: ORSTED), a Danish leading operator of offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, has announced it will acquire 45 percent stake in FlagshipONE e-methanol project … Read the full press release

The new Scania P 250 PHEV with the new hybrid powertrain undergoes testing in Skellefteå, northern Sweden

(PRESS RELEASE) SÖDERTÄLJE, Sweden, 13-Dec-2021 — /EuropaWire/ — Scania, a leading Swedish supplier of sustainable transport solutions and services, engines for industrial and marine applications, and power generation, has announced that its new P 250 PHEV truck with the new … Read the full press release

Skanska to construct EUR 39 million school building in Malmö, Sweden

(PRESS RELEASE) STOCKHOLM, 6-Oct-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced it has been contracted by Stadsfastigheter for the construction of new upper secondary school in Malmö, Sweden in a deal … Read the full press release

Luleälven Fastigheter AB buys an office building in Kiruna, Sweden from Skanska in a deal worth SEK 260M (EUR 25M)

(PRESS RELEASE) STOCKHOLM, 30-Sep-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the divestment of an office building in Kiruna, Sweden for about SEK 260M (EUR 25M). The buyer is Luleälven Fastigheter … Read the full press release

Major industrial textile recycling production line in Sundsvall, Sweden to rely on ABB for its automation, electrification and quality control systems

ABB wins large-scale order for automation, electrification, quality control systems, motors and drives at world’s first commercial-scale textile recycling plant Innovative approach can help save some 90 billion liters of fresh water per year, equivalent to 36,000 Olympic-sized swimming pools … Read the full press release