Stena Metall Explained

Stena Metall AB
Industry:Recycling and disposal
Founded:November 18, 1939
Key People:Kristofer Sundsgård (CEO)
Net Income:1.9 billion Euro (1st quarter 2022)[1]

Stena Metall AB is a company in the recycling industry that is also engaged in smelting metals, including aluminum. The recycled material is sold to various companies. Stena Metall AB operates in Sweden, Denmark, Norway, Finland, Poland, Italy, Germany, Switzerland and the United States of America.[2] It is one of three wholly owned entities comprising the Stena Group (Stena AB, Stena Sessan AB and Stena Metall AB),[3] [4] and the oldest part of the group having been founded on November 18, 1939.

The CEO is Kristofer Sundsgård.[5] The previous CEO Anders Jansson retired in 2022 after having served in this role for 23 years.[6] Anders Jansson had recently been criticized by the local press for calculating taxes differently than the local tax authorities in Sweden.[7]

The company is considered a major European leader within industrial recycling, and has been actively expanding its services within the field of environmental recycling since the early 1990s.[8]

Subsidiaries

Stena Metall AB owns more than 15 companies (directly or indirectly). Subsidiarity is an important value for in the company.[9] The following chapters are each dedicated to one of the subsidiaries of Stena Metall AB:

Stena Recycling AB

Through Stena Recycling AB, the company collects and processes scrap metal, plastic, paper, e-waste, spent batteries, hazardous waste and chemicals at about 173 sites in seven countries.[10] The consulting arm of Stena Recycling AB helps companies to design more sustainable products.[11] In 2021, Stena Recycling AB started to build facilities for the shredding of lithium-ion batteries.[12] The Swedish Energy Agency decided to give Stena Recycling AB SEK 70.7 M in 2022 as subsidies for building a facility for treating waste batteries that are a crucial step to reduce reliance on fossil fuels; this facility is designed to shred about 10,000 Mg of lithium-ion batteries per year and produce recyclable materials from them.[13] In 2022, a subsidiary of Stena Recycling AB sold its business with the recycling of heat exchangers in Germany to a subsidiary of Quantum Opportunity Fund II GmbH & Co. KG to focus its German business on the treatment of waste batteries.[14] [15] [16] [17] In the same year, Stena bought Encore Environmental Services Oy in Finland to grow its existing waste management business in the Nordic country.[18]

Stena Trade & Industry AB

Stena Trade & Industry AB is the owner of BatteryLoop Technologies AB that builds stationary energy storage systems from batteries that are designed for electric vehicles.[19] [20] BatteryLoop Technologies AB is cooperating with Bixia AB and One Nordic Holding AB to stabilize the Swedish energy grid.[21] The products of BatteryLoop Technologies AB are tailored to owners and operators of real estate and logistics companies like ports.[22] Some of BatteryLoop's first products was deployed in cooperation with Volvo Cars and Essity.[23]

Stena Metal International AB

Stena Metal International AB markets metal fractions produced by other subsidiaries of Stena Metall AB. The operations of this subsidiary include international trading in scrap.[24]

Stena Stål AB

Stena Stål delivers steel products in cooperation with steel producers. It has 15 locations in Sweden and another location in Norway. Its managing director is Stefan Svensson.[25]

Stena Aluminium AB

Stena Aluminium AB is based in Älmhult (Sweden). It produces about 300 different aluminium alloys for foundry customers in northern Europe. The managing director is Johan Thunholm.[26]

Stena Oil AB

Stena Oil AB sells bunker oil and takes care of oil sludge in cooperation with Stena Recycling. It trades in the North Sea and the passages between the North Sea and the Baltic Sea. The managing director of this subsidiary is Jonas Persson.[27]

Stena Metal Inc.

Stena Metal Inc. has its headquarter in Southport (Connecticut). It trades scrap metal, metal products, petroleum coke, and other raw materials. The managing director of Stena Metal Inc. is Doug Fried.[28]

Stena Metall Finans AB

Stena Metall Finans AB manages the finances of Stena Metall AB by investing in hedge funds and companies with relatively stable profit forecasts. It is considered the internal bank of Stena Metall AB. Its managing director is Peter Gustafsson.[29]

Mergers, acquisitions & cooperations

In 2011 Stena Metall AB acquired Norsk Metallretur, a ferrous and non-ferrous metals recycler.[30] [31]

In 2021, Johnson Matthey, a British chemical company, joined in a venture with Stena Recycling to develop a process for the recycling of lithium-ion batteries and battery cell materials.[32]

See also

Notes and References

  1. News: Riebeling . Eva . Further sales and profit growth for Stena Metall . 8 November 2023 . EUWID Recycyling und Entsorgung . 25 April 2022.
  2. Web site: Stena Metall AB: About Us. stenametall.com . 2022-10-15.
  3. Book: Steven, Fawkes . Energy Efficiency: The Definitive Guide to the Cheapest, Cleanest, Fastest Source of Energy . Taylor & Francis . 2016 . 9781317143703.
  4. Book: Lawrence, Robert Z . The Global Enabling Trade Report 2008 . Blanke . Jennifer . Drzeniek Hanouz . Margareta . Moavenzadeh . John . World Economic Forum . 2008 . 9789295044067.
  5. Web site: Press release:Kristofer Sundsgård new CEO of Stena Metall AB. stenametall.com . 2022-10-15.
  6. Web site: Kristofer Sundsgård assumes the post as President & CEO after Anders Jansson. live.euronext.com. 2022-10-15.
  7. Web site: Stena Metall-chefer får ny skattesmäll – för kräftevent. Andres Kriisa . 2022-10-15.
  8. Book: Doppelt, Bob . Leading Change Toward Sustainability: A Change-Management Guide for Business, Government and Civil Society . Taylor & Francis . 2017 . 9781351278942.
  9. Web site: Why do business with us . dead . https://web.archive.org/web/20220128215456/https://www.stenarecycling.com/about-stena-recycling/why-do-business-with-us/ . 28 January 2022 . 30 October 2022 . Stena Metall AB.
  10. Web site: Stena Metall AB: Waste streams. stenametall.com . 2022-10-15.
  11. Web site: Stena Recycling AB: Our Business. stenametall.com . 2022-10-15.
  12. Web site: Stena breaks ground on lithium-ion battery recycling plant in Sweden. bestmag.co.uk. 30 October 2022. https://web.archive.org/web/20220518163917/https://www.bestmag.co.uk/stena-breaks-ground-lithium-ion-battery-recycling-plant-sweden/. 18 May 2022. dead.
  13. Web site: Swedish Energy Agency Gives Stena Recycling SEK 70.7M to Support New Battery Recycling Plant in Halmstad. BatteriesNews.com. 30 October 2022. https://web.archive.org/web/20220218173103/https://batteriesnews.com/swedish-energy-agency-stena-recycling-70m-battery-recycling-plant-halmstad/. 18 February 2022. dead.
  14. Web site: Stena Recycling schließt Verkauf von Kühlgeräterecyclinganlagen ab. euwid-recycling.de . 2022-10-15.
  15. Web site: Stena Recycling verkauft Kühlschrankrecycling-Geschäft. eu-recycling.com . 2022-10-15.
  16. Web site: Quantum Group acquires German cools recycling business from Stena Metall. capital-riesgo.es . 2022-10-15.
  17. Web site: Quantum Group erwirbt Kühlgeräterecyclinggeschäft von Stena Metall. unternehmeredition.de. 2022-10-15.
  18. Web site: Stena Recycling Finland acquires Encore Environmental Services. live.euronext.com. 2022-10-15.
  19. Web site: Stena Recycling AB acquired an unknown stake in Batteryloop AB from Ferroamp Elektronik AB (OM:FERRO).. Marketscreener.com. 30 October 2022. https://web.archive.org/web/20221030160450/https://www.marketscreener.com/quote/stock/FERROAMP-AB-PUBL-56294573/news/Stena-Recycling-AB-acquired-an-unknown-stake-in-Batteryloop-AB-from-Ferroamp-Elektronik-AB-OM-FERRO-33968608/. 30 October 2022. dead.
  20. Web site: BatteryLoop. allabolag.se. 30 October 2022. https://web.archive.org/web/20221030163154/https://www.allabolag.se/what/batteryloop. 30 October 2022. dead.
  21. Web site: BatteryLoop: three business deals and two new collaborations. Marketscreener.com. 30 October 2022. https://web.archive.org/web/20220916092709/https://www.diesel-international.com/news/batteryloop-three-business-deals-and-two-new-collaborations/. 16 September 2022. dead.
  22. Web site: BatteryLoop Technologies AB. Marketscreener.com. 30 October 2022. https://web.archive.org/web/20210917050658/https://swedishcleantech.com/companies/2057/batteryloop-technologies-ab/. 17 September 2021. dead.
  23. Web site: BatteryLoop - collaboration with Essity, Volvo Cars and Stena Property. Stena Recycling AB. 30 October 2022. https://web.archive.org/web/20221030164643/https://www.youtube.com/watch?v=lbCUsUaBazA&t=1s. 30 October 2022. dead.
  24. Web site: Stena Metal International AB: About Us. stenametall.com . 2022-10-15.
  25. Web site: Stena Stål AB: About Us. stenametall.com . 2022-10-15.
  26. Web site: Stena Aluminium AB: About Us. stenametall.com . 2022-10-15.
  27. Web site: Stena Oil AB: About Us. stenametall.com . 2022-10-15.
  28. Web site: Stena Metal Inc.: About Us. stenametall.com . 2022-10-15.
  29. Web site: Stena Metall Finans AB: About Us. stenametall.com . 2022-10-15.
  30. Gleeson . Daniel . 2011-08-05 . Stena Metall signs agreement to acquire metal recycler Norsk Metallretur . Metal Bulletin Daily . 274 . 127–127.
  31. 2011-08-15 . Stena Metall will buy Norsk Metallretur . Metal Bulletin Magazine . 9213 . 11–11.
  32. Web site: Schaal . Sebastian . 2021-04-29 . Johnson Matthey und Stena starten Recycling-Projekt . 2023-11-08 . electrive.net . de-DE.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Stena Metall".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.