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Stena Metall

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Stena Metall AB
IndustryRecycling and disposal
FoundedNovember 18, 1939
Headquarters
Gothenburg Edit this on Wikidata
,
Sweden Edit this on Wikidata
Key people
Kristofer Sundsgård (CEO)
1.9 billion Euro (1st quarter 2022)[1]
Websitestenametall.se Edit this on Wikidata
Stena Metall in Malmö.

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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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References

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  1. ^ Riebeling, Eva (25 April 2022). "Further sales and profit growth for Stena Metall". EUWID Recycyling und Entsorgung. Retrieved 8 November 2023.
  2. ^ "Stena Metall AB: About Us". stenametall.com. Retrieved 2022-10-15.
  3. ^ Steven, Fawkes (2016). Energy Efficiency: The Definitive Guide to the Cheapest, Cleanest, Fastest Source of Energy. Taylor & Francis. ISBN 9781317143703.
  4. ^ Lawrence, Robert Z; Blanke, Jennifer; Drzeniek Hanouz, Margareta; Moavenzadeh, John (2008). The Global Enabling Trade Report 2008. World Economic Forum. ISBN 9789295044067.
  5. ^ "Press release:Kristofer Sundsgård new CEO of Stena Metall AB". stenametall.com. Retrieved 2022-10-15.
  6. ^ "Kristofer Sundsgård assumes the post as President & CEO after Anders Jansson". live.euronext.com. Retrieved 2022-10-15.
  7. ^ "Stena Metall-chefer får ny skattesmäll – för kräftevent". Andres Kriisa. Retrieved 2022-10-15.
  8. ^ Doppelt, Bob (2017). Leading Change Toward Sustainability: A Change-Management Guide for Business, Government and Civil Society. Taylor & Francis. ISBN 9781351278942.
  9. ^ "Why do business with us". Stena Metall AB. Archived from the original on 28 January 2022. Retrieved 30 October 2022.
  10. ^ "Stena Metall AB: Waste streams". stenametall.com. Retrieved 2022-10-15.
  11. ^ "Stena Recycling AB: Our Business". stenametall.com. Retrieved 2022-10-15.
  12. ^ "Stena breaks ground on lithium-ion battery recycling plant in Sweden". bestmag.co.uk. Archived from the original on 18 May 2022. Retrieved 30 October 2022.
  13. ^ "Swedish Energy Agency Gives Stena Recycling SEK 70.7M to Support New Battery Recycling Plant in Halmstad". BatteriesNews.com. Archived from the original on 18 February 2022. Retrieved 30 October 2022.
  14. ^ "Stena Recycling schließt Verkauf von Kühlgeräterecyclinganlagen ab". euwid-recycling.de. Retrieved 2022-10-15.
  15. ^ "Stena Recycling verkauft Kühlschrankrecycling-Geschäft". eu-recycling.com. Retrieved 2022-10-15.
  16. ^ "Quantum Group acquires German cools recycling business from Stena Metall". capital-riesgo.es. Retrieved 2022-10-15.
  17. ^ "Quantum Group erwirbt Kühlgeräterecyclinggeschäft von Stena Metall". unternehmeredition.de. Retrieved 2022-10-15.
  18. ^ "Stena Recycling Finland acquires Encore Environmental Services". live.euronext.com. Retrieved 2022-10-15.
  19. ^ "Stena Recycling AB acquired an unknown stake in Batteryloop AB from Ferroamp Elektronik AB (OM:FERRO)". Marketscreener.com. Archived from the original on 30 October 2022. Retrieved 30 October 2022.
  20. ^ "BatteryLoop". allabolag.se. Archived from the original on 30 October 2022. Retrieved 30 October 2022.
  21. ^ "BatteryLoop: three business deals and two new collaborations". Marketscreener.com. Archived from the original on 16 September 2022. Retrieved 30 October 2022.
  22. ^ "BatteryLoop Technologies AB". Marketscreener.com. Archived from the original on 17 September 2021. Retrieved 30 October 2022.
  23. ^ "BatteryLoop - collaboration with Essity, Volvo Cars and Stena Property". Stena Recycling AB. Archived from the original on 30 October 2022. Retrieved 30 October 2022.
  24. ^ "Stena Metal International AB: About Us". stenametall.com. Retrieved 2022-10-15.
  25. ^ "Stena Stål AB: About Us". stenametall.com. Retrieved 2022-10-15.
  26. ^ "Stena Aluminium AB: About Us". stenametall.com. Retrieved 2022-10-15.
  27. ^ "Stena Oil AB: About Us". stenametall.com. Retrieved 2022-10-15.
  28. ^ "Stena Metal Inc.: About Us". stenametall.com. Retrieved 2022-10-15.
  29. ^ "Stena Metall Finans AB: About Us". stenametall.com. Retrieved 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. ^ "Stena Metall will buy Norsk Metallretur". Metal Bulletin Magazine (9213): 11–11. 2011-08-15.
  32. ^ Schaal, Sebastian (2021-04-29). "Johnson Matthey und Stena starten Recycling-Projekt". electrive.net (in German). Retrieved 2023-11-08.
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