Tag: Sweden
Enviro: Partners still “highly interested” in Danish, North American tyre recycling projects
The deadlines set out in two of the memoranda of understandings signed between Scandinavian Enviro Systems (Enviro) and firms based in Denmark, the USA and Canada last year may have passed, yet Enviro says this “will not affect the outcome of the negotiations or the possibility of opening the various plants.” The Swedish company still expects to establish joint venture tyre recycling plants with all three partners in the not too distant future.
Extreme E: Swedish racing driver testing rally tyres for Continental
Swedish touring car racer Mikaela Åhlin-Kottulinsky has been selected to test the new tyres Continental is developing for the Extreme E rally series. Åhlin-Kottulinsky, the first and to-date only woman to win a race in the TCR Scandinavia Touring Car Championship, will lend her talents towards the development of tyres for what Continental calls “the most extreme racing series the world has ever seen.”
Northvolt raises US$1 billion for Europe’s first gigafactories
Northvolt has raised US$1 billion of capital to build Europe’s first homegrown gigafactory for lithium-ion battery cells - Northvolt Ett, in Skellefteå, Sweden. At the same time, in cooperation with the Volkswagen Group, the company also announced plans to establish a second gigafactory with an intended location in Lower Saxony, Germany. The news of both factories was announced on 12 June 2019.
2 Hexpol management changes during first quarter
During the first quarter of 2019, Hexpol announced a couple of senior management changes. Most recently, at the end of February, Karin Gunnarsson decided to leave her position as Chief Financial Officer (CFO) and Investor Relations Manager at the Hexpol Group in pursuit of “new challenges”:
Volkswagen and Northvolt establish European Battery Union
The Volkswagen Group and further European partners are joining forces to form the European Battery Union (EBU) with a view to forging ahead with battery research throughout Europe. The new consortium is to be led by the Volkswagen Group and the Swedish battery producer Northvolt. The joint research activities of the European Battery Union will cover the entire battery value stream – from raw materials through cell technology to recycling. The prime objective is to accumulate much broader know-how on battery cell production.
RISE: Tyre-derived oil can be used as fuel
Pyrolysis oil derived from end-of-life tyres can be used as fuel. That is the conclusion of a reported produced by RISE (the EU Research, Innovation and Science Policy Experts Group) along with Enviro and Ragn-Sells as a result of research that kicked off in October 2017 .
Environ signs MoU with EE-TDF Cleveland
Scandinavian Enviro Systems AB has signed a memorandum of understanding with EE-TDF Cleveland, LLC, a US tyre-recycling company. The agreement remains in effect for six months, has an option to extend, and opens up opportunities for additional joint venture plants with an annual recycling capacity of 30,000 tonnes tyres.
Hella successfully concludes sale of wholesale businesses, FTZ and Inter-Team
Lighting and electronics specialist Hella has concluded the sale of the Danish and Polish wholesale businesses FTZ and Inter-Team. After approval by the antitrust authorities responsible, both companies were transferred to the Swedish wholesaler Mekonomen. Subject to the terms of the transaction, the purchase price amounts to 395 million euro.
Van den Ban acquires Swedish tyre wholesaler Amring
Dutch tyre wholesaler the Van den Ban Group has bought Sweden’s Amring AB. The Gothenburg-based tyre and wheel wholesaler and retailer had belonged to Pon Tyre Group since 2008. With this acquisition, Van den Ban increases its presence in Scandinavia. Further details regarding the transaction are not known at this stage
Continental shows new stud technology, winter tyres and autonomous driving capabilities at ContiTechnikForum 2018
From studs to autonomous driving technology and including the latest winter tyres available, Continental AG has demonstrated a range of innovations designed to move the company (and motorists) towards its Vision Zero goal. Indeed, “our goal is to achieve zero road traffic accidents”, Conti CEO Elmer Degenhart is on the record as saying, summarising what Continental is aiming to do.
Sri Lanka tyre manufacturer signs recycled carbon black order
A leading tyre manufacturer has placed a first order on Swedish tyre pyrolysis firm Enviro’s recycled carbon black (EnviroCB) for immediate delivery. “Initially the order volume is small, but is expected to increase significantly over time. The customer is a global manufacturer of tyres and rubber applications and this order relates to industrial tyres”, says Thomas Sörensson, CEO of Enviro.
Drive like a woman: Hankook Tire awarded for safety campaign
When my mate Scotty uttered that I drove like a woman he meant it as a slur, but the joke is now on him – it turns out that this is an award-winning driving style. The award is a bronze 2017 Epica Award in the online campaigns – automotive category, and was given to Hankook Tire Sweden for a short video highlighting the over-representation of men, and younger men in particular, in Sweden’s road accident statistics. The campaign is titled Kör som en kvinna, which in English means ‘Drive like a woman’.
Hans Biörck proposed as new Trelleborg chairman
After 10 years as a board member, including five years as chairman, Trelleborg AB’s Sören Mellstig, has declared that he is not available for re-election. The nomination committee has therefore today decided to propose to the Annual General Meeting 2018, the election of current director, Hans Biörck, as chairman of the board.
Nynas considering India expansion
Nynas global president and CEO Gert Wendroth said the specialty oil company is looking to expand its footprint by setting up depots and adding employees in India, during a recent visit to the country.
Reifen Gundlach and Volvo sign contract for winter wheel supply
Under a long-term aftermarket arrangement with Volvo Car Corporation, German tyre wholesaler Reifen Gundlach GmbH will supply complete wheel units fitted with winter tyres within the Central European and Nordic markets. The Pon Holding company will begin shipping the wheels in January 2018.