Tag Archives: Sweden

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

AFRY Ranks Second in 2023 Employer Branding Survey for Young Engineers in Sweden

(IN BRIEF) In the 2023 Employer Branding survey by Universum, AFRY has secured the second position as one of the most attractive employers for young engineers in Sweden, particularly among BSc engineers in the “young professionals” category. AFRY’s eighth-place ranking … Read the full press release

Volvo Trucks Pioneers Nationwide Fast Charging Network for Heavy Electric Trucks in Sweden

(IN BRIEF) In a significant stride towards sustainable heavy transportation, Volvo Trucks is leading the way with the launch of a nationwide fast-charging network for electric trucks in Sweden, fueled by renewable energy. This pioneering initiative, set to open approximately … Read the full press release

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