H&M Group’s co-owned TreeToTextile builds demonstration plant for upscaling new sustainable textile fiber
Together with our partners, IKEA, Stora Enso, and LSCS Invest, TreeToTextile will now invest €35 million in constructing a demonstration plant in Sweden. This marks a critical step towards commercialising new sustainable textile fibers with scalable technology and low manufacturing cost.
“This investment and construction of the demonstration plant marks an important and exciting milestone for TreeToTextile. Paving the way towards commercialisation of their sustainable fiber not only aligns perfectly with H&M Group’s vision to become fully circular, but also has the potential to benefit the entire textile industry.”
Joel Ankarberg, Head of Strategy and Transformation H&M Group
The demonstration plant, which will be located in Stora Enso’s Nymölla mill in southern Sweden, is estimated to cost €35 million, fuelled by an investment of €27,4 million from the owners in addition to €7,6 million from Swedish Energy Agency. The plant’s production capacity will be 1 500 tons per year and construction is scheduled to start in spring 2021.
IKEA scaling up social entrepreneurship business – aims for 95,000 jobs by 2025
IKEA has been collaborating with social businesses since 2012, and currently the initiative is generating work for more than 30,000 people. Handcrafted collections and products produced in collaborations with social businesses are sold in IKEA stores worldwide. Today, IKEA announces scaling up social entrepreneurship business with the ambition to reach 95,000 jobs by 2025.For several years, IKEA has been working with social entrepreneurs to create a better everyday life through long-term job opportunities and livelihood for people who need it the most. The social businesses produce unique handcrafted products in order to create financial independence and life-changing opportunities for marginalized groups and women in vulnerable communities. The ability to earn an income also has a direct and positive effect on nearly 150,000 family members of these artisans today. To be for even more of the many, IKEA has taken the decision to extend the scope and the goal is to increase the number of jobs from today’s 30,000 jobs to 95,000 until 2025. “I’m very proud of what we’ve accomplished, but I know that we can do much more. We have built strong business relationship with our partners for many years, and now we are happy to join hands with a few additional highly established social businesses, and together we will be scaling up the social entrepreneur business,” says Vaishali Misra, Business Leader, IKEA Social Entrepreneurs Initiative. IKEA will extend the business together with existing partners, supporting with knowledge and expertise around design, production and working environment. In addition to this, new scalable partners will be identified as social business partners to IKEA and create positive change for more people. As a result, more jobs will be created, and IKEA will increase the offering of high quality, handmade and unique design enabled through craft traditional techniques products in the stores worldwide. “It’s a working relationship on inspiration, knowledge sharing, and mutual exchange of competencies. The social entrepreneurs ensure a diverse and unique product offer. On its part, IKEA uses its network to supply the enterprises with affordable, high-quality raw material, extending their infrastructure to the social enterprises. By doing this on a high scale, we could also inspire other retailers to do the same. That’s what I call impact!” says Vaishali Misra. At IKEA.today you will find an in-depth overview of the initiative, while making ambitious commitments for the future. In addition to the Social Entrepreneurs initiative, several local social entrepreneurs partner up with IKEA retail markets, providing services and products upcycled from IKEA Textile waste and local food products. PRESS RELEASE 10 February 2021 Älmhult, Sweden https://newsroom.inter.ikea.com/News/ikea-scaling-up-social-entrepreneurship-business---aims-for-95-000-jobs-by-2025/s/db6f91a3-a35a-407f-9234-4b46f2aba2a0
Volvo Cars and Geely Auto to Deepen Collaboration
Feb 24, 2021 ID: 277344
- Powertrain operations to be combined in new company focused on next-generation hybrid systems and internal combustion engines
- Expanded use of shared modular architectures for electric vehicles (EVs)
- Enhanced collaboration in autonomous and electric drive technologies
- Joint procurement to cut purchasing costs
- Lynk & Co to expand globally by utilising Volvo distribution and service network
- Companies to retain independent corporate structures
Municipality of Amsterdam Extends Electronic Invoicing Contract with TIE Kinetix
February 24 - 2021 - Breukelen, the Netherlands at 8 AM CET PRESS RELEASE Municipality of Amsterdam Extends Electronic Invoicing Contract with Swedish Chamber Patron Member TIE Kinetix Thousands more suppliers will be connected to the FLOW platform , a leader in business-to-government (B2G) electronic invoicing, announced today that the Municipality of Amsterdam has extended their four-year contract for an additional three years. The extension indicates that thousands more of the municipality’s suppliers will be onboarded to the FLOW Partner Automation platform during the contract period. “We first began our relationship with the Municipality of Amsterdam back in 2017, shortly before all public authorities in the Netherlands were legally obligated to receive and process electronic invoices,” says Jan Sundelin, CEO, TIE Kinetix. “We’re proud to have supported the municipality with their digitalization efforts, and we’re looking forward to making even more progress in the coming three years.” As of May 27th, 2020, the Municipality of Amsterdam decided to make electronic invoicing mandatory in their buying terms. This obligation aims to further reduce processing speed and cost by virtue of invoice automation, resulting in increased efficiency and quicker turnaround for the municipality and its suppliers. As a Dutch company with an abundance of local e-invoicing knowledge and a network of over 600 government organizations in the Benelux area alone, TIE Kinetix is a preferred service provider. To simplify the transition to e-invoicing, TIE Kinetix provides a variety of options for suppliers to connect to the FLOW platform: EDI-2-FLOW, PDF-2-FLOW, and PORTAL-2-FLOW. In accordance with individual business needs, suppliers may choose to send invoices electronically, via email (in PDF format or other), or through an online portal respectively. The company also provides a wide range of services and support to ensure a smooth onboarding process, including the option to run fully automated onboarding campaigns with active follow up. An added benefit for suppliers is that the company is ISO 27001 certified and serves as an official PEPPOL Access Point. This agreement with the Municipality of Amsterdam marks the first of two allotted three-year extension periods. The municipality will have the option to enter an additional three-year extension period in 2024. TIE Kinetix | Market, Sell, Deliver and Optimize Your Business
Welcome New Member
The Swedish Chamber of Commerce is very pleased to give a warm welcome to our new Member ! Founded in Stockholm in 2015 with the goal of making the world's books available to more people and challenging what it means to "read a book", is one of the Nordic region's largest subscription services for audio and e-books, also available in other European markets. Needless to say, we are proud to have them as Member Company.
Swe-Cham offers two Scholarships 1 July 2021 – 1 July 2022
ScholarshipsWe are proud to offer talented and creative young professionals the opportunity to join the Swedish Chamber of Commerce and to gain international business experience through the various scholarship programmes. Generous scholarship donors The Scholarship Fund for Swedish Youth Abroad and Gull & Stellan Ljungberg Foundation Scholarship make these opportunities possible. We are very pleased to host a Scholar supported by The Scolarship Fund for Swedish Youth Abroad for the third time and to start our collaboration with Gull & Stellan Ljungberg Foundation Scholarship for the first time.
Nils van der Poel breaks 10000m world record on final day of Worlds
Rejuvenated Swede won his second title in Heerenveen to end the World Single Distances Championships in style, as the Netherlands took their tally to seven golds. Nils van der Poel ended the World Single Distances Speed Skating Championships in Heerenveen with a bang on Sunday (14 February). Just two months after making his comeback to the sport, the Swede set a new world record in the 10000m to add to the 5000m title he won on Thursday. Read more
Dutch start using AstraZeneca vaccine, family doctors now come on board
A third vaccine in the Dutch coronavirus campaign came into use on Friday – the AstraZeneca vaccine which was approved for use by the European Medicines Agency at the end of January. In the Netherlands, the two-dose AstraZeneca vaccination is being given to people aged 60 to 65 as well as younger adults with morbid obesity and the over 18s with Down’s syndrome. Healthcare workers who have not yet been vaccinated will also come on board. From Monday, family doctors in Zeeland will start vaccinating their patients with the vaccine, and the programme will then be rolled out to Limburg, Brabant and then the rest of the country. Read more at DutchNews.nl: https://www.dutchnews.nl/news/2021/02/dutch-start-using-astrazeneca-vaccine-family-doctors-now-come-on-board/