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WKN: 855689 | ISIN: SE0000115446 | Ticker-Symbol: VOL1
Tradegate
12.12.25 | 12:39
27,340 Euro
-0,33 % -0,090
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VOLVO AB B Chart 1 Jahr
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VOLVO AB B 5-Tage-Chart
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27,31027,32014:07
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GlobeNewswire (Europe)
25 Leser
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engcon AB: engcon and Volvo CE make circular innovation a reality

engcon, the world's leading manufacturer of tiltrotators, is at the forefront of circular innovation through a groundbreaking new project. Together with Volvo CE, Mälardalen University, and Stena Circular Consulting, engcon is participating in the Vinnova-funded project - Advancing Circular Lifecycles in Construction Equipment (CIRCLE-E) - with the aim of creating new business models and technical solutions that make circularity a natural part of the construction and civil engineering industry.

"This is an important step in engcon's sustainability work. Our previous initiatives, such as joining the Science Based Targets initiative (SBTi) and the UN Global Compact, have laid the foundation. With CIRCLE-E, we take the next step to drive the industry toward more circular and resource-efficient solutions", says Helena Nydahl, Sustainability Strategist at engcon.

CIRCLE-E addresses one of the most underexplored challenges in the construction sector: how to manage the end of life for machines and components in a way that preserves value, reduces environmental impact, and creates new opportunities for reuse and recycling. By combining research, design feedback, and business development, the project will develop methods and insights that can be scaled - not only within construction equipment but also across other industries.

"For engcon, this initiative is not only about sustainability, it's about creating business value through innovation and collaboration. Our vision is to change the world of digging and always stay at the technological forefront. Innovation happens when we collaborate and challenge traditional ways of working. By developing solutions that combine business benefits with sustainability, we can create long-term value for customers, the industry, and society", says Krister Blomgren, CEO, engcon.

Volvo CE looks forward to the forthcoming project:

"There's no question that the construction of tomorrow must be built on circular thinking to tackle the challenges already reshaping our societies. This fundamental shift from traditional practices is why research projects like CIRCLE-E are so critical. When industry and academia unite, innovation gains momentum, turning ideas into real-world scalable circular business models and methods - essential building blocks to help take steps in the right direction", says Sander Jahilo, Head of Resource Sustainability, Volvo CE.

The project runs from 2026 to 2028 and is expected to deliver new service concepts, strategies for reuse and recycling, as well as input for industry standards and policy development.

Related links:
engcon commits to the Science Based Targets initiative - engcon
engcon has officially joined the UN Global Compact - engcon
Advancing Circular Lifecycles in Construction Equipment (CIRCLE-E) | Vinnova

For more information, please contact:
Krister Blomgren, CEO
krister.blomgren@engcon.com
+46 70 529 92 65

Helena Nydahl, Sustainability Strategist
helena.nydahl@engcon.se
+46 72-601 37 06

engcon is the leading global supplier of tiltrotators and associated equipment that enhance efficiency, flexibility, profitability, safety and sustainability of excavators. With knowledge, commitment and a high level of service, engcon's about 400 employees create success for their customers. engcon was founded in 1990, headquartered in Strömsund, Sweden and address the market through 15 local sales companies and an established network of resellers around the world. Net sales amounted to approximately SEK 1.6 billion in 2024. engcon's B share is listed on Nasdaq Stockholm.

For more information, visit www.engcongroup.com

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